Michigan State Afl-Cio Human Resources Development Inc

Analysis

Michigan State Afl-Cio Human Resources Development Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in December 1989, 37 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 June 2023, Michigan State Afl-Cio Human Resources Development Inc reported income of $5.1m and spending of $5.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $5.1m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan State Afl-Cio Human Resources Development Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Well Community Development Corporation ($5.1m), Lafayette Work Center Inc ($5.1m) and Rowan Vocational Opportunities Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $2.1m against liabilities of $2.0m, net assets of $112k. It reported 83 employees.