Michigan Colleges Alliance

Analysis

Michigan Colleges Alliance is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in August 1950, 76 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 2023, Michigan Colleges Alliance reported income of $5.2m and spending of $5.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Colleges Alliance sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Long Beach Day Nursery ($5.2m), Winthrop University Foundation ($5.2m) and Eleanor Roosevelt Community Learning Center ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $780k (15% of expenses). Other salaries and wages came to $140k. At year end it held assets of $5.5m against liabilities of $295k, net assets of $5.3m. It reported 5 employees.