Schoolcraft College Foundation

Analysis

Schoolcraft College Foundation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Schoolcraft College Foundation reported income of $2.7m and spending of $1.7m, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $2.7m (+69%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schoolcraft College Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Franklinton Prep High School ($2.7m), Focus Academy Inc ($2.7m) and Dudley E Chambers Foundation ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $21.6m against liabilities of $786k, net assets of $20.8m.