Michigan Community Capital

Analysis

Michigan Community Capital is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2004, 22 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Community Capital reported income of $6.7m and spending of $7.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $6.7m (+124%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan Community Capital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Palm Beach Habilitation Center Inc ($6.7m), I2e Inc ($6.7m) and North Central Sheltered Workshop ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.1m (15% of expenses). At year end it held assets of $66.8m against liabilities of $52.6m, net assets of $14.3m. It reported 25 employees.