Central Michigan University Research Corporation

Analysis

Central Michigan University Research Corporation is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Central Michigan University Research Corporation reported income of $3.2m and spending of $2.9m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $3.2m (+172%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 94%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Michigan University Research Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Petra Academy Inc ($3.2m), Forum of Incident Response and Security Teams ($3.2m) and Cornerstone Christian Schools ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $182k (6.2% of expenses). Other salaries and wages came to $416k. At year end it held assets of $11.7m against liabilities of $9.8m, net assets of $1.9m. It reported 11 employees.