Michigan Science Center

Analysis

Michigan Science Center is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Michigan Science Center reported income of $6.6m and spending of $5.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $6.6m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 37%. 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 Science Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Racine Charter One Inc ($6.6m), Ecole Bilingue de LA Nouvelle Orleans the Bilingual School of ($6.6m) and Chatham Charter School ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $533k (9.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.3m against liabilities of $787k, net assets of $4.5m. It reported 103 employees.