Based in Farmington Hills, MI, Michigan Basic Property Insurance Association operates as a Public Charity. The organization reported $15.5M in revenue, $11.1M in expenses, $17.7M in total assets for fiscal year 2025. Imperigo tracks 5 reported grants from this foundation totaling approximately $126K.
The mission of Michigan Basic Property Insurance Association is to provide prompt courteous and efficient service to our customers; be aware of the responsibility we have to our member companies and policyholders to utilize resources effectively; provide a work environment that recognizes creativity and promotes teamwork; and be sensitive to the needs of the community.
How Michigan Basic Property Insurance Association divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 5 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $15.5M | $11.1M | $17.7M |
| 2024 | $13.4M | $10.9M | $19.8M |
| 2023 | $11.8M | $11.2M | $15.8M |
| 2022 | $12.6M | $10.9M | $16.6M |
| 2021 | $14.3M | $10.3M | $25.2M |
Between 2021 and 2025, reported annual revenue grew from $14.3M to $15.5M (+8%), with total assets most recently reported at $17.7M.
Interactive year-over-year charts and full filing details available with membership.
Grants from this foundation were reported to recipients in MI.
Full geographic grant map with state-by-state breakdown available with membership.
