CSCharityScored
89

Michigan Basic Property Insurance Association

Other · Farmingtn Hls, Michigan

27555 Farmington Rd Ste 315, Farmingtn Hls, MI 48334-3843

EIN: 381956049· Founded: Feb 1970· 56 years active· Filing Year: 2023

Annual Revenue

$11.8M

Total Expenses

$11.2M

Total Assets

$15.8M

Program Spending

99%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$9K

0.1% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$2.2M

Total Payroll

$2.2M

20% of total expenses

Where the Money Goes

99%
Programs: 99%
Payroll: 20%
Other overhead: 1%
Program Revenue$11.1M (94%)
Total Expenses$11.2M (94%)
Payroll$2.2M (20%)
Overhead (non-program)1%

Trust Score Breakdown

Program Spending Ratio

99% of expenses go to programs

40%

Revenue & Stability

$11.8M annual revenue

15%

Executive Compensation

$9K total officer comp (0.1% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$15.8M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.