Leading Michigan Educational Foundation

Analysis

Leading Michigan Educational Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Leading Michigan Educational Foundation reported income of $408k and spending of $447k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $594k to $408k (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 154% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leading Michigan Educational Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Keren Esther Foundation ($408k), Whitaker Small Farm Group Inc ($408k) and St John the Baptist Healdsburg School Foundation ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 50% of the total. Other salaries and wages came to $127k. At year end it held assets of $119k against liabilities of $2.3m, net assets of -$2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.