Muskegon Catholic Education Foundation Inc

Analysis

Muskegon Catholic Education Foundation Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Muskegon Catholic Education Foundation Inc reported income of $1.1m and spending of $1.4m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.1m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Muskegon Catholic Education Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Chinmaya Education Foundation Inc ($1.1m), Wisconsin Dells Education Foundation ($1.1m) and Bethany Charter School ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $7.2m against liabilities of $133k, net assets of $7.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.