Marquette Community Foundation

Analysis

Marquette Community Foundation is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in January 1989, 37 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, Marquette Community Foundation reported income of $2.3m and spending of $1.8m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.3m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marquette Community Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Wildwood Hills Inc ($2.3m), Mt Washington Pediatric Foundation Inc ($2.3m) and Colorado State Patrol Family Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $79k (4.4% of expenses). Other salaries and wages came to $141k. At year end it held assets of $25.0m against liabilities of $26k, net assets of $25.0m. It reported 7 employees.