Community Foundation of Greater Flint

Analysis

Community Foundation of Greater Flint is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in December 1988, 38 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, Community Foundation of Greater Flint reported income of $43.6m and spending of $19.3m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.8m to $43.6m (+216%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Greater Flint sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include The Greater New Orleans Foundation ($43.2m), Jewish Federation of Southern New Jersey ($44.4m) and Candid ($43.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $511k (2.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $279.5m against liabilities of $1.4m, net assets of $278.1m. It reported 34 employees.