The Center for Michigan Inc

Analysis

The Center for Michigan Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Center for Michigan Inc reported income of $2.7m and spending of $5.3m, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Center for Michigan Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Seton Center Inc ($2.7m), Everthrive Illinois ($2.7m) and Learning Clinic Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 7.1% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $13.0m against liabilities of $191k, net assets of $12.9m. It reported 32 employees.