Northern Michigan Catholic Foundation

Analysis

Northern Michigan Catholic Foundation is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Northern Michigan Catholic Foundation reported income of $3.3m and spending of $955k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 26% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Northern Michigan Catholic Foundation 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 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Ariel Ministries ($3.3m), Clarence E McClendon Ministries Full Harvest International Church ($3.3m) and Teenpact Leadership Schools Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $23k (2.4% of expenses). At year end it held assets of $36.2m against liabilities of $49k, net assets of $36.2m. It reported 1 employees.