University of Michigan Club of Detroit Scholarship Fund

Analysis

University of Michigan Club of Detroit Scholarship Fund is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1959, 67 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 December 2023, University of Michigan Club of Detroit Scholarship Fund reported income of $191k and spending of $72k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $191k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Michigan Club of Detroit Scholarship Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include San Diego Roots Sustainable Food ($191k), St Charles City County Library Foundation ($191k) and Lustre Christian High School Endowment Fund Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.