Michiana Leadership Center Inc

Analysis

Michiana Leadership Center Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2023, Michiana Leadership Center Inc reported income of $281k and spending of $355k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $294k to $281k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michiana Leadership Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Ridgewood Senior Citizens Housing Corporation Inc ($281k), Community Service Center of Wilmore - High Bridge Inc ($281k) and Salem Rotary Foundation ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $81k (23% of expenses). Other salaries and wages came to $120k. At year end it held assets of $209k against liabilities of $7,996, net assets of $201k. It reported 6 employees.