1 Michigan for the Global Majority Inc

Analysis

1 Michigan for the Global Majority Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1 Michigan for the Global Majority Inc reported income of $96k and spending of $66k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $369k to $96k (-74%), an average of -49% a year. The sharpest change came in the year to December 2022, when income dropped by 81%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1 Michigan for the Global Majority Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Michigan Tactical Officers Association Inc ($96k), Cape Ann Community Foundation ($96k) and Utica Business Association ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.