Michigan Education Association Scholarship Fund

Analysis

Michigan Education Association Scholarship Fund is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Michigan Education Association Scholarship Fund reported income of $120k and spending of $66k, leaving 45% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $57k to $120k (+111%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 111%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Education Association Scholarship Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Hagamoslo ($120k), West Virginia Sheriffs Association ($120k) and Innovation Academy Ptso Inc ($120k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $1.8m against liabilities of $1,400, net assets of $1.8m.