Michigan Dyslexia Institute Inc

Analysis

Michigan Dyslexia Institute Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Michigan Dyslexia Institute Inc reported income of $1.4m and spending of $890k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $763k to $1.4m (+83%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 79%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michigan Dyslexia Institute Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Victoria Project Inc ($1.4m), A Step Ahead Foundation Chattanooga Inc ($1.4m) and People Engaged in Recovery ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $42k (4.7% of expenses). Other salaries and wages came to $352k. At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.2m. It reported 45 employees.