Michigan Student Assembly of the University of Michigan

Analysis

Michigan Student Assembly of the University of Michigan is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Student Assembly of the University of Michigan reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $938k to $1.3m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Student Assembly of the University of Michigan sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Frederick Community College Foundation Inc ($1.3m), Innovative Manufacturers Center Inc ($1.3m) and Washington County Historical Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. At year end it held assets of $790k against liabilities of $616k, net assets of $174k.