The Frankenmuth Community Foundation Inc

Analysis

The Frankenmuth Community Foundation Inc is a registered charity in United States, based in Frankenmuth, MI. It received its IRS tax-exemption ruling in April 1979, 47 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, The Frankenmuth Community Foundation Inc reported income of $1.7m and spending of $1.0m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.7m (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Frankenmuth Community Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Mesa United Way Inc ($1.7m), United Way of Ventura County Inc ($1.7m) and Goodness Web Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $18.4m against liabilities of $798k, net assets of $17.6m.