Heritage Community of Kalamazoo Foundation Inc

Analysis

Heritage Community of Kalamazoo Foundation Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Heritage Community of Kalamazoo Foundation Inc reported income of $746k and spending of $421k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $746k (-39%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Community of Kalamazoo Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Mary Rutan Foundation ($746k), Good Work Austin ($746k) and Little Johns Restaurant Inc ($746k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $6.3m against liabilities of -$77k, net assets of $6.3m.