Midwest Collaborative for Library Services Inc

Analysis

Midwest Collaborative for Library Services Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Midwest Collaborative for Library Services Inc reported income of $26.7m and spending of $27.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.7m to $26.7m (-3.5%), an average of -0.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midwest Collaborative for Library Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Equity Project Charter School ($26.7m), Salem Academy & College ($26.7m) and East West Management Institute Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $170k (0.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $16.2m against liabilities of $6.6m, net assets of $9.6m. It reported 26 employees.