Great Lakes Education Foundation

Analysis

Great Lakes Education Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Great Lakes Education Foundation reported income of $550k and spending of $210k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $550k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Lakes Education Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include LG Academy a NJ Nonprofit Corporation ($550k), Creative Learning Institute Inc ($550k) and Mice K12 ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (5.8% of expenses). At year end it held assets of $388k against liabilities of $0, net assets of $388k.