Michigan Reading Association
Macomb, Michigan
B+Health Score
72B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$256K
Total Revenue
📊
$208K
Total Expenses
🏦
$243K
Net Assets
📋
$18K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+49.2%
Year-over-year change (2022 → 2023)
Net Margin
+18.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.17
Net assets divided by total expenses
Liabilities-to-Assets
6.9%
Total liabilities as % of total assets
Filing History
6 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $256,269↑49% | $208,338↑34% | $261,566↑24% | |
| 2022 | $171,711↑21% | $155,917↓6% | $210,221↑14% | — |
| 2021 | $141,337↑149% | $166,254↓28% | $184,952↓16% | — |
| 2020 | $56,728↓89% | $230,554↓53% | $221,238↓46% | — |
| 2019 | $519,417 | $492,596 | $407,308↑40730700% | — |
| 2018 | $0 | $0 | $1 | — |
Frequently Asked Questions
What does Michigan Reading Association do?▼
Michigan Reading Association is a education nonprofit organization based in Michigan. It is classified under NTEE code B90 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Michigan Reading Association financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Michigan Reading Association.
How much revenue does Michigan Reading Association generate?▼
Michigan Reading Association reports $282K in annual revenue and holds $400K in total assets, based on IRS filings.