Michigan Association for the Education of Young Children

Analysis

Michigan Association for the Education of Young Children is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Michigan Association for the Education of Young Children reported income of $6.7m and spending of $6.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $6.7m (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Association for the Education of Young Children sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Durham Technical Community College Foundation Inc ($6.7m), Electrical Jatc Southern Nevada ($6.7m) and Math and Science Academy ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $149k (2.3% of expenses). Other salaries and wages came to $994k. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.3m. It reported 17 employees.