Michigan Family Resources

Analysis

Michigan Family Resources is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in December 1990, 36 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 Family Resources reported income of $29.7m and spending of $29.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.3m to $29.7m (+17%), an average of +4.1% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Family Resources sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Star Sports Theatre Arts & Recreation Inc ($29.7m), Echoing Green Inc ($29.7m) and Longwood University Real Estate Foundation ($29.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15.1m. At year end it held assets of $6.6m against liabilities of $6.6m, net assets of $92k. It reported 448 employees.