Cranbrook Educational Community

Analysis

Cranbrook Educational Community is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in June 1973, 53 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, Cranbrook Educational Community reported income of $90.6m and spending of $94.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $88.6m to $90.6m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cranbrook Educational Community sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Life University Inc ($90.6m), Trevecca Nazarene University ($90.7m) and Claflin University ($90.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $2.5m (2.6% of expenses). Other salaries and wages came to $38.9m. It paid $280k in professional fundraising fees. At year end it held assets of $493.9m against liabilities of $88.0m, net assets of $405.9m. It reported 1,205 employees.