Michigan Braille Trans Fund Inc

Analysis

Michigan Braille Trans Fund Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Braille Trans Fund Inc reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $773k to $1.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michigan Braille Trans Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include The Golden Triangle Learning Center ($1.2m), Cumberland Good Samaritans Inc ($1.2m) and All Farmers Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 74% of the total. Other salaries and wages came to $334k. At year end it held assets of $3.6m against liabilities of $210k, net assets of $3.4m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.