Rockford Area Community Endowment

Analysis

Rockford Area Community Endowment is a registered charity in United States, based in Rockford, MI. It received its IRS tax-exemption ruling in December 2003, 23 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, Rockford Area Community Endowment reported income of $125k and spending of $111k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $125k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rockford Area Community Endowment sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Clearfield Area United Way Inc ($125k), Father McCartan Memorial School Foundation ($125k) and Roundup Cowboys Association ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $767k against liabilities of $0, net assets of $767k.