Michigan Child Care Centers Inc

Analysis

Michigan Child Care Centers Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 September 2023, Michigan Child Care Centers Inc reported income of $3.5m and spending of $2.6m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $3.5m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Child Care Centers Inc sits at the 89th percentile: it is larger than about 89% 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 Stoddert Soccer League Inc ($3.5m), Aucilla Christian Academy Inc ($3.5m) and Verified Voting Foundation ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $120k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.0m against liabilities of $1.0m, net assets of $1.0m. It reported 125 employees.