Mid-Michigan Child Care Centers Inc

Analysis

Mid-Michigan Child Care Centers Inc is a registered charity in United States, based in Freeland, MI. It received its IRS tax-exemption ruling in March 1979, 47 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, Mid-Michigan Child Care Centers Inc reported income of $11.5m and spending of $11.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $12.3m to $11.5m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Michigan Child Care Centers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Urban League of Philadelphia ($11.5m), Good Shepherd Manor Inc ($11.5m) and Lac Courte Oreilles Ojibwe University ($11.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (0.5% of expenses). Other salaries and wages came to $650k. At year end it held assets of $1.3m against liabilities of $1.0m, net assets of $279k. It reported 16 employees.