Waldorf School Association of Michigan

Analysis

Waldorf School Association of Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Waldorf School Association of Michigan reported income of $3.3m and spending of $3.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.3m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waldorf School Association of Michigan sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Future School ($3.3m), Pleasant View Christian School Inc ($3.3m) and University of Washington Alumni Association ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $282k (8.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.4m against liabilities of $499k, net assets of $3.9m. It reported 76 employees.