Mid-Michigan Industries Inc

Analysis

Mid-Michigan Industries Inc is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mid-Michigan Industries Inc reported income of $6.3m and spending of $6.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $6.3m (+15%), an average of +3.6% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mid-Michigan Industries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Technology Access Foundation ($6.3m), Goodwill Industries of Central East ($6.3m) and Towards Employment Incorporated ($6.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $186k (2.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.3m against liabilities of $865k, net assets of $3.4m. It reported 495 employees.