W โ€” Public & Societal BenefitEIN: 320167398ยท Ruling Year: 2006

The Center For Michigan Inc

Detroit, Michigan

B+Health Score
67B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$2.7M
Total Revenue
๐Ÿ“Š
$5.3M
Total Expenses
๐Ÿฆ
$12.9M
Net Assets
๐Ÿ“‹
$191K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-65.4%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-97.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.44
Net assets divided by total expenses
Liabilities-to-Assets
1.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,664,896โ†“65%$5,257,128โ†‘4%$13,042,518โ†“17%
2022$7,693,331โ†“34%$5,049,941โ†‘10%$15,627,587โ†‘21%
2021$11,666,201โ†‘187%$4,605,101โ†‘21%$12,882,699โ†‘91%
2020$4,069,600โ†‘100%$3,805,679โ†‘40%$6,750,146โ†‘23%
2019$2,031,161โ†‘59%$2,725,819โ†‘6%$5,496,919โ†“12%
2018$1,281,061โ†“14%$2,580,954โ†‘6%$6,211,954โ†“17%
2017$1,492,472โ†“83%$2,433,927โ†‘7%$7,494,047โ†“11%
2016$8,882,610โ†‘1736%$2,268,056โ†‘8%$8,426,011โ†‘367%
2015$483,685โ†“34%$2,103,114โ†“6%$1,803,285โ†“49%
2014$734,989โ†“21%$2,247,974โ†‘28%$3,509,607โ†“31%
2013$932,361โ†‘51%$1,759,810โ†‘1%$5,093,177โ†“12%
2012$616,446โ†“82%$1,741,909โ†‘48%$5,796,154โ†“16%
2011$3,399,792$1,177,229$6,938,158

Frequently Asked Questions

What does The Center For Michigan Inc do?โ–ผ

The Center For Michigan Inc is a public & societal benefit nonprofit organization based in Michigan. It is classified under NTEE code W22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is The Center For Michigan Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, The Center For Michigan Inc has a score of 67/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does The Center For Michigan Inc generate?โ–ผ

The Center For Michigan Inc reports $5.3M in annual revenue and holds $13.0M in total assets, based on IRS filings.

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The Center For Michigan Inc โ€” Detroit, MI | GiveScope