Grand Traverse Educational Foundation Inc

Analysis

Grand Traverse Educational Foundation Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in January 1972, 54 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 December 2023, Grand Traverse Educational Foundation Inc reported income of $405k and spending of $286k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $958k to $405k (-58%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Traverse Educational Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include American Association for Adult and Continuing Education Aaace ($405k), Cardinal Boosters Inc ($405k) and Star Sponsorship Program Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $20k (7.0% of expenses). At year end it held assets of $7.9m against liabilities of $0, net assets of $7.9m.