Michigan Council of Women in Technology Foundation

Analysis

Michigan Council of Women in Technology Foundation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Council of Women in Technology Foundation reported income of $1.9m and spending of $2.2m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Michigan Council of Women in Technology Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Buffalo Sabres Foundation ($1.9m), The Learning Knoll Inc ($1.9m) and Camp Blessing Texas ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $243k (11% of expenses). Other salaries and wages came to $692k. At year end it held assets of $1.7m against liabilities of $164k, net assets of $1.5m. It reported 16 employees.