Michigan Employment & Training Plus

Analysis

Michigan Employment & Training Plus is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Employment & Training Plus reported income of $249k and spending of $240k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $249k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michigan Employment & Training Plus sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Licensing International Foundation Inc ($249k), Yad Chazaka Corp ($249k) and Fond Blanc Foundation ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (49% of expenses). At year end it held assets of $325k against liabilities of $5,503, net assets of $319k. It reported 1 employees.