Michigan Assessment Consortium Inc

Analysis

Michigan Assessment Consortium Inc is a registered charity in United States, based in Mason, MI. It received its IRS tax-exemption ruling in March 2014, 12 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 September 2023, Michigan Assessment Consortium Inc reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.6m (+9.7%), an average of +2.4% a year. The sharpest change came in the year to September 2022, when income rose by 23%. 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 Assessment Consortium Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Waccamaw Park Public Charter Schools Inc ($2.6m), Kindi Academy ($2.6m) and The University of Montana Western Foundation ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $763k (29% of expenses). Other salaries and wages came to $238k. At year end it held assets of $2.3m against liabilities of $411k, net assets of $1.8m. It reported 4 employees.