Michigan College Access Network

Analysis

Michigan College Access Network is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in October 2008, 18 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 September 2023, Michigan College Access Network reported income of $10.9m and spending of $10.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.4m to $10.9m (+47%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan College Access Network 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 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Global Preparatory Academy Inc ($10.9m), Foundation for Excellence Ineducation Inc ($10.9m) and Iowa Association for the Education of Young Children Inc ($10.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $518k (5.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $8.5m against liabilities of $1.7m, net assets of $6.8m. It reported 157 employees.