Inter-Cooperative Council at the University of Michigan

Analysis

Inter-Cooperative Council at the University of Michigan is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1948, 78 years ago. 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 April 2024, Inter-Cooperative Council at the University of Michigan reported income of $4.9m and spending of $4.4m, spending 90% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $3.6m to $4.9m (+37%), an average of +6.5% a year. The sharpest change came in the year to April 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inter-Cooperative Council at the University of Michigan sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include H-C Management Services Inc ($4.9m), Veterans Outreach Center Inc ($4.9m) and Big Brothers Big Sisters of the Sun Coast Inc ($4.9m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $119k (2.7% of expenses). Other salaries and wages came to $744k. At year end it held assets of $10.0m against liabilities of $5.3m, net assets of $4.7m. It reported 20 employees.