Better Business Bureau of Western Michigan Educational Foundation

Analysis

Better Business Bureau of Western Michigan Educational Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Better Business Bureau of Western Michigan Educational Foundation reported income of $396k and spending of $292k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $396k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Better Business Bureau of Western Michigan Educational Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Bloomington Urban Enterprise Association Inc ($396k), Huntington Village Business Improvment District Assoc Inc ($396k) and Historical Society of Harford County Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 5.1% of the total. At year end it held assets of $1.2m against liabilities of $938k, net assets of $293k.