The Northern Michigan University Foundation

Analysis

The Northern Michigan University Foundation is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in September 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 2024, The Northern Michigan University Foundation reported income of $6.1m and spending of $5.4m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $6.8m to $6.1m (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Northern Michigan University Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Coppin State College Development Foundation Inc ($6.1m), Study Group Solutions Inc ($6.1m) and Stonebridge World School ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 149% of the total. At year end it held assets of $77.3m against liabilities of $6.7m, net assets of $70.6m.