Michigan Association of Community and Adult Education

Analysis

Michigan Association of Community and Adult Education is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2024, Michigan Association of Community and Adult Education reported income of $283k and spending of $265k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $194k to $283k (+46%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 46%. 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 of Community and Adult Education sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Public Education Partnership of Winter Haven Inc ($283k), Troy Area School District Foundation ($283k) and Timberview High School Athletic Booster Club ($283k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $64k (24% of expenses). Other salaries and wages came to $4,231. At year end it held assets of $315k against liabilities of $3,359, net assets of $312k. It reported 3 employees.