Metro Detroit Electrical Industry Training Center Inc

Analysis

Metro Detroit Electrical Industry Training Center Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Metro Detroit Electrical Industry Training Center Inc reported income of $4.4m and spending of $4.6m, spending 104% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $828k to $4.4m (+434%), an average of +75% a year. The sharpest change came in the year to May 2021, when income rose by 329%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metro Detroit Electrical Industry Training Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Cornerstone Alliance ($4.4m), Star Island Corporation ($4.4m) and SW Resources Inc ($4.4m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $6.5m against liabilities of $112k, net assets of $6.4m. It reported 20 employees.