Michigan Laborers Scholarship Fund

Analysis

Michigan Laborers Scholarship Fund is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Michigan Laborers Scholarship Fund reported income of $219k and spending of $142k, leaving 35% of income unspent that year. Across the 4 years on record, from May 2021 to May 2023, income fell from $330k to $219k (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Laborers Scholarship Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Seahawk Athletic Booster Association ($219k), Wildflower Foundation ($219k) and Case High Scholarship Trust Inc ($219k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $446k against liabilities of $0, net assets of $446k.