Northwestern Michigan College Foundation

Analysis

Northwestern Michigan College Foundation is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in October 1981, 45 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 2023, Northwestern Michigan College Foundation reported income of $4.0m and spending of $5.0m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.2m to $4.0m (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwestern Michigan College Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Pinon Community School Board Inc ($4.0m), Ruffing Montessori School ($4.0m) and Vida Charter School ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $507k. At year end it held assets of $59.4m against liabilities of $1.8m, net assets of $57.5m.