Michigan State Education Network

Analysis

Michigan State Education Network is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Michigan State Education Network reported income of $3.8m and spending of $5.9m, spending 155% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $3.8m (+42%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 164% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan State Education Network sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Southern Maryland Regional Library Association Inc ($3.8m), City View Charter School ($3.8m) and Cornerstone Preparatory Academy ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. At year end it held assets of $12.8m against liabilities of $46k, net assets of $12.7m.

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.