Metropolitan Det Bur of SCH St Inc Wayne State University

Analysis

Metropolitan Det Bur of SCH St Inc Wayne State University is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 1972, 54 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 2024, Metropolitan Det Bur of SCH St Inc Wayne State University reported income of $380k and spending of $372k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $346k to $380k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan Det Bur of SCH St Inc Wayne State University sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Nevada Association of School Boards ($380k), Cedar City Rotary Foundation Inc ($380k) and California Islamic Center ($380k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $130k (35% of expenses). Other salaries and wages came to $128k. At year end it held assets of $216k against liabilities of $120k, net assets of $96k. It reported 5 employees.