Mission
The MEDF supports economic development initiatives in Michigan, focusing on creating jobs, attracting high-paying jobs, enhancing tourism efforts, and maintaining a strong business climate through marketing and strategic partnerships. They engage in activities that foster relationships between businesses and government entities to boost Michigan's economic prosperity.
Basic Information
Founded in
1984
EIN
38-2527475
Total Assets
$1.234 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Support for Economic Development
Proudly supporting Michigan’s governor on trade missions and helping businesses expand in Michigan.
Investment in Clean Energy
Facilitating investments from major companies in EV battery production and clean hydrogen technologies.
Diversity and Inclusivity Focus
Developing partnerships to promote economic opportunities in underserved communities across Michigan.
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
61
52
/100
Program Expense Ratio
80.75%
14
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.0001256
20
/20
Working Capital Ratio
1.628
14
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 929.8K | 99.44% |
| Program Services | 0 | 0.00% |
| Investment Income | 769 | 0.08% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 4.474K | 0.48% |
| Total Revenue | 935K | 100.00% |
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