Grand Haven Area Community Foundation Inc

Analysis

Grand Haven Area Community Foundation Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in July 1972, 54 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, Grand Haven Area Community Foundation Inc reported income of $17.3m and spending of $11.8m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.9m to $17.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grand Haven Area Community Foundation Inc 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Virginia Institute of Autism Incorporated ($17.3m), Impact Charitable ($17.4m) and American Friends of B Nai Levy Foundation ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $317k (2.7% of expenses). Other salaries and wages came to $938k. At year end it held assets of $182.7m against liabilities of $454k, net assets of $182.3m. It reported 18 employees.