Michigan Rural Water Association

Analysis

Michigan Rural Water Association is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Rural Water Association reported income of $2.9m and spending of $2.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Rural Water Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Bank Information Center ($2.9m), Raw Art Works Inc ($2.9m) and Marian Center Charitable Trust ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $214k (7.7% of expenses). Other salaries and wages came to $888k. At year end it held assets of $2.1m against liabilities of $668k, net assets of $1.5m. It reported 15 employees.