Catholic Community Foundation Ofmid Michigan

Analysis

Catholic Community Foundation Ofmid Michigan is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Catholic Community Foundation Ofmid Michigan reported income of $3.5m and spending of $1.9m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.5m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Community Foundation Ofmid Michigan sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include JFT - Jewish Futures Foundation Inc ($3.5m), Humankind Ministries Wichita Inc ($3.5m) and Deeper Walk International Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $116k (6.1% of expenses). Other salaries and wages came to $49k. At year end it held assets of $38.5m against liabilities of $85k, net assets of $38.4m. It reported 5 employees.