Releaf Michigan Inc
EIN: 382912028 · Ann Arbor, MI · NTEE: C360
| Metric | Value |
|---|---|
| Total Revenue | $266K |
| Total Expenses | $372K |
| Net Assets | $123K |
Is Releaf Michigan Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Releaf Michigan Inc
Releaf Michigan Inc (EIN: 382912028) is a nonprofit organization based in Ann Arbor, MI, classified under NTEE code C360. The organization reported total revenue of $266K and total assets of $127K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Releaf Michigan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Releaf Michigan Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $366K |
| Total Expenses | $372K |
| Surplus / Deficit | $-6,012 |
| Total Assets | $202K |
| Total Liabilities | $79K |
| Net Assets | $123K |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2023, Releaf Michigan Inc reported a deficit of $6K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Releaf Michigan Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.8% | +15.2% | -6.0% |
| 2022 | +66.0% | -5.1% | +83.6% |
| 2021 | -46.9% | +56.8% | -50.9% |
| 2020 | +179.8% | +7.7% | +562.3% |
| 2019 | +19.9% | +64.8% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Releaf Michigan Inc 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 Releaf Michigan Inc 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 $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.0%.
Frequently Asked Questions about Releaf Michigan Inc
Is Releaf Michigan Inc a legitimate charity?
Releaf Michigan Inc (EIN: 382912028) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $266K. No red flags identified. Financial health grade: B.
How does Releaf Michigan Inc spend its money?
Releaf Michigan Inc reported $266K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Releaf Michigan Inc tax-deductible?
Releaf Michigan Inc is registered as a tax-exempt nonprofit (EIN: 382912028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Releaf Michigan Inc located?
Releaf Michigan Inc is headquartered in Ann Arbor, Michigan and files with the IRS under EIN 382912028. It is classified under NTEE code C360.
How many years of IRS 990 filings does Releaf Michigan Inc have?
Releaf Michigan Inc 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 $266K in total revenue.
Filing History
IRS 990 filing history for Releaf Michigan Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Releaf Michigan Inc's revenue has grown by 435.8%, moving from $68K to $366K. Total assets increased by 2319.7% over the same period, from $8K to $202K. Total functional expenses rose by 428.2%, from $70K to $372K. In its most recent filing year (2023), Releaf Michigan Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $79K in liabilities against $202K in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $123K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $366K | $372K | $202K | $79K | — | — |
| 2022 | $373K | $323K | $215K | $86K | — | View 990 |
| 2021 | $225K | $341K | $117K | $30K | — | View 990 |
| 2020 | $423K | $217K | $239K | $45K | — | — |
| 2019 | $151K | $202K | $36K | $50K | — | View 990 |
| 2018 | $126K | $122K | $40K | $15K | — | View 990 |
| 2017 | $166K | $171K | $35K | $14K | — | View 990 |
| 2016 | $99K | $83K | $42K | $17K | — | View 990 |
| 2015 | $98K | $71K | $34K | $25K | — | View 990 |
| 2014 | $53K | $54K | $7K | $24K | — | View 990 |
| 2013 | $64K | $66K | $7K | $24K | — | View 990 |
| 2012 | $55K | $65K | $7K | $21K | — | View 990 |
| 2011 | $68K | $70K | $8K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $366K, expenses of $372K, and assets of $202K (revenue -1.8% year-over-year).
- 2022: Revenue of $373K, expenses of $323K, and assets of $215K (revenue +66.0% year-over-year).
- 2021: Revenue of $225K, expenses of $341K, and assets of $117K (revenue -46.9% year-over-year).
- 2020: Revenue of $423K, expenses of $217K, and assets of $239K (revenue +179.8% year-over-year).
- 2019: Revenue of $151K, expenses of $202K, and assets of $36K (revenue +19.9% year-over-year).
- 2018: Revenue of $126K, expenses of $122K, and assets of $40K (revenue -24.2% year-over-year).
- 2017: Revenue of $166K, expenses of $171K, and assets of $35K (revenue +68.8% year-over-year).
- 2016: Revenue of $99K, expenses of $83K, and assets of $42K (revenue +0.6% year-over-year).
- 2015: Revenue of $98K, expenses of $71K, and assets of $34K (revenue +83.4% year-over-year).
- 2014: Revenue of $53K, expenses of $54K, and assets of $7K (revenue -15.9% year-over-year).
- 2013: Revenue of $64K, expenses of $66K, and assets of $7K (revenue +16.4% year-over-year).
- 2012: Revenue of $55K, expenses of $65K, and assets of $7K (revenue -20.2% year-over-year).
- 2011: Revenue of $68K, expenses of $70K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Releaf Michigan Inc:
Data Sources and Methodology
This transparency report for Releaf Michigan Inc 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.