Lapeer County Community Foundation

Analysis

Lapeer County Community Foundation is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lapeer County Community Foundation reported income of $4.2m and spending of $1.1m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.2m (+280%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lapeer County Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Hebron Fund Inc ($4.2m), Blueprint Washington Inc ($4.2m) and Turn 2 Foundation Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $85k (7.5% of expenses). Other salaries and wages came to $63k. At year end it held assets of $17.2m against liabilities of $1.5m, net assets of $15.7m. It reported 4 employees.