Michigan Israel Business Accelerato

Analysis

Michigan Israel Business Accelerato is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 2011, 15 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, Michigan Israel Business Accelerato reported income of $437k and spending of $515k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $441k to $437k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to December 2020, when income rose by 151%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan Israel Business Accelerato sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Junior League of San Antonio Inc ($437k), Inner City Green Team Economic & Environmental Development ($437k) and Lyndale Neighborhood Association ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $1.5m against liabilities of $494k, net assets of $972k.