Michigan Technology Commercialization Corporation

Analysis

Michigan Technology Commercialization Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Michigan Technology Commercialization Corporation reported income of $1.9m and spending of $2.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.9m to $1.9m (-85%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Technology Commercialization Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Filmscene ($1.9m), Whitney Institute ($1.9m) and Scioto Society Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $3.7m against liabilities of $3.6m, net assets of $47k.