Michigan Literacy Inc

Analysis

Michigan Literacy Inc is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Michigan Literacy Inc reported income of $65k and spending of $54k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $65k (+13%), an average of +13% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Literacy Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Community Classrom Project Inc ($65k), Idaho Walk Bike Alliance Inc ($65k) and Daleville Community Library Association Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $67k against liabilities of $2,072, net assets of $65k.