Community Foundation for Northeast Michigan

Analysis

Community Foundation for Northeast Michigan is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in September 1974, 52 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 September 2023, Community Foundation for Northeast Michigan reported income of $6.1m and spending of $2.7m, leaving 56% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $6.1m (+96%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 194%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Northeast Michigan sits at the 94th percentile: it is larger than about 94% 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 Jack Goldstein Charitable Trust ($6.1m), Saint Therese ($6.1m) and Northwest North Carolina Community Foundation ($6.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $394k. At year end it held assets of $67.5m against liabilities of $13.0m, net assets of $54.6m. It reported 6 employees.