Michigan Library Association

Analysis

Michigan Library Association is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 1969, 57 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, Michigan Library Association reported income of $899k and spending of $898k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $740k to $899k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Library Association sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Resilient Communities Resilient Futures Inc ($898k), Durango Education Center ($899k) and Andrew Gomez Dream Foundation ($898k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $143k (16% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.2m against liabilities of $364k, net assets of $823k. It reported 6 employees.