Michigan Academic Library Association

Analysis

Michigan Academic Library Association is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in March 2015, 11 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 Academic Library Association reported income of $102k and spending of $94k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $77k to $102k (+32%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Academic Library Association sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include 4-H Clubs & Affiliated 4-H Organizations ($102k), Rising Stars Preschool ($102k) and The American Committee for US Russia Accord Ltd ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 30% of the total. At year end it held assets of $263k against liabilities of $27k, net assets of $235k.