Citizens Utility Board of Michigan

Analysis

Citizens Utility Board of Michigan is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Citizens Utility Board of Michigan reported income of $589k and spending of $498k, spending 85% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $245k to $589k (+140%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens Utility Board of Michigan sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Astop Inc ($589k), Building Strong Communities Inc ($589k) and Crew Ministries Inc ($588k).

On its Form 990 for the period ending September 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 $109k (22% of expenses). At year end it held assets of $149k against liabilities of $56k, net assets of $93k.