Michigan Energy Options Fka Urban Options

Analysis

Michigan Energy Options Fka Urban Options is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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 June 2023, Michigan Energy Options Fka Urban Options reported income of $3.4m 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 $2.0m to $3.4m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Energy Options Fka Urban Options 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 Seismological Society of America ($3.4m), LA Amistad Foundation Inc ($3.4m) and Cenla Community Action Committee Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $166k (5.1% of expenses). Other salaries and wages came to $271k. At year end it held assets of $1.7m against liabilities of $947k, net assets of $704k. It reported 14 employees.