Great Lakes Colleges Association Inc

Analysis

Great Lakes Colleges Association Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Great Lakes Colleges Association Inc reported income of $1.8m and spending of $2.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Lakes Colleges Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Asteme Learning Center Inc ($1.8m), Reconnecting McDowell Inc ($1.8m) and Sierra College Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 53% of the total. Other salaries and wages came to $705k. At year end it held assets of $18.3m against liabilities of $279k, net assets of $18.0m. It reported 6 employees.