Michigan Institute of Laundering & Drycleaning Inc
501(c)(6)
Only null% goes to programs Strong reserves
Michigan Institute of Laundering & Drycleaning Inc is a 501(c)(6) organization based in Okemos, Michigan, registered in 1955, with $139,430 in FY2023 revenue. CharityIndex grades it B.
2123 University Park Dr Ste 100, Okemos, MI, 48864 EIN 38-1431496 Since 1955
Revenue (FY2023)
$139K
▼ 9.3% vs prior year
Expenses (FY2023)
$107K
Net assets
$615K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michigan Institute of Laundering & Drycleaning Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating69 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michigan Institute of Laundering & Drycleaning Inc: 69 mo reserves · +23% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michigan Institute of Laundering & Drycleaning Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michigan Institute of Laundering & Drycleaning Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $100K (FY2011) to $139K (FY2023) across 13 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $31KNet assets $615K
Operating margin
23.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$646K
Total liabilities
$31K
Net assets
$615K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $139,430▼9.3% | $107,216▼20.1% | $615,115▲17.4% | $646,115▲18.4% | 990 |
| 2022 | $153,799▼31.3% | $134,171▲19.6% | $523,928▼4.8% | $545,563▼4.5% | 990 |
| 2021 | $223,960▲45.2% | $112,149▲9.1% | $550,433▲11.2% | $570,993▲8.5% | 990 |
| 2020 | $154,290▼4.1% | $102,806▼13.9% | $495,168▲16.0% | $526,348▲12.3% | 990 |
| 2019 | $160,881▼9.2% | $119,471▼2.6% | $426,827▲19.4% | $468,722▲19.0% | 990EZ |
| 2018 | $177,277▲6.5% | $122,647▲1.4% | $357,548▲12.7% | $394,003▲10.7% | 990EZ |
| 2017 | $166,405▼6.7% | $120,925▼33.8% | $317,350▲24.9% | $355,975▲29.3% | 990EZ |
| 2016 | $178,418▲5.3% | $182,768▲30.4% | $254,038▲2.9% | $275,286▲0.9% | 990EZ |
| 2015 | $169,436▼1.8% | $140,148▲37.5% | $246,969▲13.5% | $272,944▲24.5% | 990EZ |
| 2014 | $172,577▼16.8% | $101,903▼33.7% | $217,681▲47.4% | $219,201▲35.7% | 990EZ |
| 2013 | $207,370▲75.6% | $153,810▲131% | $147,640▲56.9% | $161,489▲71.0% | 990 |
| 2012 | $118,076▲18.6% | $66,569▼10.4% | $94,080▲125% | $94,443▲124% | 990EZ |
| 2011 | $99,584 | $74,331 | $41,850 | $42,088 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Michigan Institute of Laundering & Drycleaning Inc a legitimate nonprofit?
- Yes. Michigan Institute of Laundering & Drycleaning Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 38-1431496, based in Okemos, Michigan.
- What is Michigan Institute of Laundering & Drycleaning Inc's EIN?
- Michigan Institute of Laundering & Drycleaning Inc's Employer Identification Number (EIN) is 38-1431496.
- How much revenue does Michigan Institute of Laundering & Drycleaning Inc report?
- Michigan Institute of Laundering & Drycleaning Inc reported $139,430 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Michigan Institute of Laundering & Drycleaning Inc have?
- CharityIndex grades Michigan Institute of Laundering & Drycleaning Inc B, based on financial health (reserves and operating margin).
More nonprofits in Okemos
Explore more
Data for Michigan Institute of Laundering & Drycleaning Inc (EIN 38-1431496) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.