Michigan Bac Community Service and Scholarship Fund

Analysis

Michigan Bac Community Service and Scholarship Fund is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in September 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 2024, Michigan Bac Community Service and Scholarship Fund reported income of $70k and spending of $48k, leaving 32% of income unspent that year. Across the 3 years on record, from September 2022 to September 2024, income grew from $50k to $70k (+41%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Bac Community Service and Scholarship Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Ufcw Local 1500 Scholarship Fund ($70k), Liberty Benton PTO ($70k) and Sphinx Educational Fund Inc ($70k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.