Financial Information for Michigan Economic Development Foundation

Michigan Economic Development Foundation's annual revenue was $688K in tax year 2024, reported on their IRS Form 990. They spent $758K in total expenses. 74% went to programs and services.

Financial Breakdown

What is Michigan Economic Development Foundation's total annual expenses?

Michigan Economic Development Foundation spent $758K in tax year 2024, according to their IRS Form 990 filing.

How much of Michigan Economic Development Foundation's budget goes to programs?

Michigan Economic Development Foundation spent $563K (74% of expenses) on programs and services in tax year 2024.

How much does Michigan Economic Development Foundation spend on overhead?

Michigan Economic Development Foundation's overhead in tax year 2024 includes administrative (11%) and fundraising (15%) of their expenses.

What is Michigan Economic Development Foundation's net worth?

Michigan Economic Development Foundation had net assets of $888K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.