Environment
(C35)
990 on File
MICHIGAN SAVES INC
Financial strength (30%)
84/100
Reliability (20%)
50/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$20.6M
Total Revenue
$14.8M
Total Expenses
$29.3M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.8%
Fundraising Efficiency
N/A
Operating Reserve
23.69x
Liability-to-Asset
18.8%
Revenue Diversification
71.6%
Compared with Peers
FY 2024
Compared with 187 similar organizations
(United States, Environment, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.8% | 84.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.0% | 10.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 3.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
23.7 mo | 13.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
18.8% | 15.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
71.6% | 88.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
16.2% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
101.3% | 11.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
28.1% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $20.6M | $14.8M | $29.3M | 88.8% | 0 |
| 2023 | $17.8M | $7.4M | $25.5M | 84.9% | 0 |
| 2022 | $5.7M | $4.0M | $15.1M | 80.8% | 0 |
| 2021 | $5.8M | $3.8M | N/A | — | 0 |
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