Michigan Reading Association

Analysis

Michigan Reading Association is a registered charity in United States, based in Macomb, MI. It received its IRS tax-exemption ruling in September 2018, 8 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 2023, Michigan Reading Association reported income of $256k and spending of $208k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $519k to $256k (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 149%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Reading Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include The National Association of Early Childhood Specialists in State ($256k), Jersey Shore Free School Inc ($256k) and University of Alabama Medical Alumni Association ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Other salaries and wages came to $49k. At year end it held assets of $262k against liabilities of $18k, net assets of $243k. It reported 1 employees.