Michigan Job Training Partnership

Analysis

Michigan Job Training Partnership is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Job Training Partnership reported income of $2.2m and spending of $1.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan Job Training Partnership sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Bay Consortium Workforce Investment Board ($2.2m), Salt Lake City Bicycle Collective ($2.2m) and Elk Valley Public Improvement Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $163k (8.5% of expenses). Other salaries and wages came to $436k. At year end it held assets of $2.2m against liabilities of $803k, net assets of $1.4m. It reported 6 employees.