Michigan Pharmacy Foundation
EIN: 383122918 · Lansing, MI · NTEE: T30Z
| Metric | Value |
|---|---|
| Total Revenue | $827K |
| Total Expenses | $155K |
| Net Assets | $768K |
Is Michigan Pharmacy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michigan Pharmacy Foundation
Michigan Pharmacy Foundation (EIN: 383122918) is a nonprofit organization based in Lansing, MI, classified under NTEE code T30Z. The organization reported total revenue of $827K and total assets of $769K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Pharmacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Pharmacy Foundation is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $155K |
| Surplus / Deficit | $-89,327 |
| Total Assets | $781K |
| Total Liabilities | $13K |
| Net Assets | $768K |
| Operating Margin | -136.2% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 60.5 months |
Financial Health Grade: B
In 2023, Michigan Pharmacy Foundation reported a deficit of $89K with expenses exceeding revenue, holds 60.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Michigan Pharmacy Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.1% | +39.9% | -2.7% |
| 2022 | -52.4% | +71.2% | -18.5% |
| 2021 | +35.8% | +14.9% | +9.8% |
| 2020 | -17.1% | -17.4% | +9.8% |
| 2019 | -8.3% | +5.0% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michigan Pharmacy Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michigan Pharmacy Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Michigan Pharmacy Foundation
Is Michigan Pharmacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michigan Pharmacy Foundation (EIN: 383122918) insufficient data. 0 red flags identified, 0 strengths noted.
How does Michigan Pharmacy Foundation spend its money?
Detailed spending breakdown data is not yet available for Michigan Pharmacy Foundation. Check back for updated IRS 990 analysis.
Are donations to Michigan Pharmacy Foundation tax-deductible?
Michigan Pharmacy Foundation is registered as a tax-exempt nonprofit (EIN: 383122918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michigan Pharmacy Foundation located?
Michigan Pharmacy Foundation is headquartered in Lansing, Michigan and files with the IRS under EIN 383122918. It is classified under NTEE code T30Z.
How many years of IRS 990 filings does Michigan Pharmacy Foundation have?
Michigan Pharmacy Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $827K in total revenue.
Filing History
IRS 990 filing history for Michigan Pharmacy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Michigan Pharmacy Foundation's revenue has declined by 22.4%, moving from $84K to $66K. Total assets increased by 32.4% over the same period, from $590K to $781K. Total functional expenses rose by 51.5%, from $102K to $155K. In its most recent filing year (2023), Michigan Pharmacy Foundation reported a deficit of $89K, with expenses exceeding revenue. The organization holds $13K in liabilities against $781K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $768K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $155K | $781K | $13K | — | — |
| 2022 | $50K | $111K | $803K | $31K | — | — |
| 2021 | $105K | $65K | $985K | $16K | — | View 990 |
| 2020 | $77K | $56K | $897K | $19K | — | — |
| 2019 | $93K | $68K | $817K | $23K | — | View 990 |
| 2018 | $102K | $65K | $709K | $28K | — | View 990 |
| 2017 | $117K | $63K | $764K | $28K | — | View 990 |
| 2016 | $84K | $67K | $675K | $28K | — | View 990 |
| 2015 | $100K | $66K | $624K | $13K | — | View 990 |
| 2014 | $96K | $75K | $633K | $4K | — | View 990 |
| 2013 | $77K | $74K | $616K | $5K | — | View 990 |
| 2012 | $104K | $75K | $572K | $2K | — | View 990 |
| 2011 | $84K | $102K | $590K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $155K, and assets of $781K (revenue +31.1% year-over-year).
- 2022: Revenue of $50K, expenses of $111K, and assets of $803K (revenue -52.4% year-over-year).
- 2021: Revenue of $105K, expenses of $65K, and assets of $985K (revenue +35.8% year-over-year).
- 2020: Revenue of $77K, expenses of $56K, and assets of $897K (revenue -17.1% year-over-year).
- 2019: Revenue of $93K, expenses of $68K, and assets of $817K (revenue -8.3% year-over-year).
- 2018: Revenue of $102K, expenses of $65K, and assets of $709K (revenue -13.2% year-over-year).
- 2017: Revenue of $117K, expenses of $63K, and assets of $764K (revenue +40.2% year-over-year).
- 2016: Revenue of $84K, expenses of $67K, and assets of $675K (revenue -16.8% year-over-year).
- 2015: Revenue of $100K, expenses of $66K, and assets of $624K (revenue +4.7% year-over-year).
- 2014: Revenue of $96K, expenses of $75K, and assets of $633K (revenue +25.3% year-over-year).
- 2013: Revenue of $77K, expenses of $74K, and assets of $616K (revenue -26.3% year-over-year).
- 2012: Revenue of $104K, expenses of $75K, and assets of $572K (revenue +23.0% year-over-year).
- 2011: Revenue of $84K, expenses of $102K, and assets of $590K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Pharmacy Foundation:
Data Sources and Methodology
This transparency report for Michigan Pharmacy Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.