Community Foundation for Southeast Michigan

Analysis

Community Foundation for Southeast Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1984, 42 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 for Southeast Michigan reported income of $128.2m and spending of $117.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $106.8m to $128.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 66% 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 for Southeast Michigan sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Jewish Community Federation of S F Marin Peninsula & Sonoma Counties ($124.9m), Methodist Primary Care Group ($129.0m) and Omaha Community Foundation ($124.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $3.1m (2.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $1.14bn against liabilities of $23.8m, net assets of $1.12bn. It reported 70 employees.