Michigan Association of Broadcasters Foundation Inc

Analysis

Michigan Association of Broadcasters Foundation Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1996, 30 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 Association of Broadcasters Foundation Inc reported income of $365k and spending of $359k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $365k (+93%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Association of Broadcasters Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Vision 2000 Educational Foundation ($365k), Social Engineering Project Inc ($365k) and Fayetteville Band Boosters Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 19% of the total. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.2m.