Michigan Assn of School Boards Inc

Analysis

Michigan Assn of School Boards Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in December 1986, 40 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 June 2024, Michigan Assn of School Boards Inc reported income of $6.8m and spending of $6.3m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.9m to $6.8m (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Assn of School Boards Inc 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 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include World Zionist Organization American Section Inc ($6.8m), Evansville Day School Inc ($6.8m) and Contina Impact ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 73% of the total. Compensation of current officers, directors and key employees was $665k (11% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $12.2m against liabilities of $1.8m, net assets of $10.4m. It reported 36 employees.