Great Lakes Regional Sporting Foundation Inc

Analysis

Great Lakes Regional Sporting Foundation Inc is a registered charity in United States, based in Spruce, MI. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Lakes Regional Sporting Foundation Inc reported income of $110k and spending of $66k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $248k to $110k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 35% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Great Lakes Regional Sporting Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Upper Arlington Basketball Club ($110k), Stoughton Youth Soccer League ($110k) and Monterey Condors Club ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $280k against liabilities of $0, net assets of $280k.