Southwestern Michigan College Foundation

Analysis

Southwestern Michigan College Foundation is a registered charity in United States, based in Dowagiac, MI. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southwestern Michigan College Foundation reported income of $927k and spending of $713k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $574k to $927k (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 162%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwestern Michigan College Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Najam Academy Inc ($926k), Golden Dome Scholarship Fund ($927k) and Student Free Press Association ($926k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% of the total. At year end it held assets of $16.6m against liabilities of $658k, net assets of $15.9m.