City of Grosse Pointe Foundation

Analysis

City of Grosse Pointe Foundation is a registered charity in United States, based in Grosse Pointe, MI. It received its IRS tax-exemption ruling in April 1986, 40 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, City of Grosse Pointe Foundation reported income of $453k and spending of $265k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $453k (+1382%), an average of +1382% a year. The sharpest change came in the year to December 2023, when income rose by 1382%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, City of Grosse Pointe Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Rotary Club of Deerwood Charities Inc ($452k), Uptown Community Initiative ($453k) and Nonprofitgo Inc ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $504k against liabilities of $0, net assets of $504k.