Cheboygan Communities Foundation

Analysis

Cheboygan Communities Foundation is a registered charity in United States, based in Cheboygan, MI. It received its IRS tax-exemption ruling in May 2011, 15 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, Cheboygan Communities Foundation reported income of $75k and spending of $49k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $75k (+154%), an average of +154% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cheboygan Communities Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Julius Guis Memorial Rotary Foundation ($75k), Fundamira USA Inc ($76k) and Mileone Community Giving Foundation Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.4% of the total. At year end it held assets of $106k against liabilities of $21k, net assets of $85k.