Michigan Reading Association
EIN: 823993292 · Macomb, MI · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $282K |
| Total Expenses | $208K |
| Net Assets | $243K |
Is Michigan Reading Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michigan Reading Association
Michigan Reading Association (EIN: 823993292) is a nonprofit organization based in Macomb, MI, classified under NTEE code B90. The organization reported total revenue of $282K and total assets of $400K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Reading Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Reading Association is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $256K |
| Total Expenses | $208K |
| Surplus / Deficit | +$48K |
| Total Assets | $262K |
| Total Liabilities | $18K |
| Net Assets | $243K |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 15.1 months |
Financial Health Grade: A
In 2023, Michigan Reading Association reported a surplus of $48K with revenue exceeding expenses, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.2% | +33.6% | +24.4% |
| 2022 | +21.5% | -6.2% | +13.7% |
| 2021 | +149.1% | -27.9% | -16.4% |
| 2020 | -89.1% | -53.2% | -45.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michigan Reading Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michigan Reading Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Frequently Asked Questions about Michigan Reading Association
Is Michigan Reading Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Michigan Reading Association (EIN: 823993292) insufficient data. 0 red flags identified, 0 strengths noted.
How does Michigan Reading Association spend its money?
Detailed spending breakdown data is not yet available for Michigan Reading Association. Check back for updated IRS 990 analysis.
Are donations to Michigan Reading Association tax-deductible?
Michigan Reading Association is registered as a tax-exempt nonprofit (EIN: 823993292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michigan Reading Association located?
Michigan Reading Association is headquartered in Macomb, Michigan and files with the IRS under EIN 823993292. It is classified under NTEE code B90.
How many years of IRS 990 filings does Michigan Reading Association have?
Michigan Reading Association has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $282K in total revenue.
Filing History
IRS 990 filing history for Michigan Reading Association showing financial trends over 6 years of public records:
Total assets increased by 26156500% over the same period, from $1 to $262K. In its most recent filing year (2023), Michigan Reading Association reported a surplus of $48K, with revenue exceeding expenses. The organization holds $18K in liabilities against $262K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $256K | $208K | $262K | $18K | — | View 990 |
| 2022 | $172K | $156K | $210K | $15K | — | View 990 |
| 2021 | $141K | $166K | $185K | $5K | — | — |
| 2020 | $57K | $231K | $221K | $17K | — | — |
| 2019 | $519K | $493K | $407K | $41K | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256K, expenses of $208K, and assets of $262K (revenue +49.2% year-over-year).
- 2022: Revenue of $172K, expenses of $156K, and assets of $210K (revenue +21.5% year-over-year).
- 2021: Revenue of $141K, expenses of $166K, and assets of $185K (revenue +149.1% year-over-year).
- 2020: Revenue of $57K, expenses of $231K, and assets of $221K (revenue -89.1% year-over-year).
- 2019: Revenue of $519K, expenses of $493K, and assets of $407K.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Reading Association:
Data Sources and Methodology
This transparency report for Michigan Reading Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.