Ming Chuan University

Analysis

Ming Chuan University is a registered charity in United States, based in University Center, MI. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ming Chuan University reported income of $129k and spending of $451k, spending 349% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $848k to $129k (-85%), an average of -47% a year. The sharpest change came in the year to December 2022, when income rose by 590%. Over the whole period it spent 161% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ming Chuan University sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Exceptional Learning Institute Inc ($129k), Global Campaign for Education-Us Inc ($129k) and Alumni Association of the National War College ($129k).

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 $147k. At year end it held assets of $280k against liabilities of $366k, net assets of -$86k. It reported 2 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.