Saginaw Community Foundation

Analysis

Saginaw Community Foundation is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in September 1983, 43 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, Saginaw Community Foundation reported income of $6.3m and spending of $6.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $6.3m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saginaw Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include United Jewish Federation of Northeastern Ny Inc ($6.3m), Community Child Care Center of Delray Beach Foundation Inc ($6.3m) and Partners in School Innovation ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $157k (2.4% of expenses). Other salaries and wages came to $456k. At year end it held assets of $94.6m against liabilities of $6,679, net assets of $94.6m. It reported 9 employees.