Osteopathic Foundation of West Michigan

Analysis

Osteopathic Foundation of West Michigan is a registered charity in United States, based in Norton Shores, MI. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, Osteopathic Foundation of West Michigan reported income of $644k and spending of $508k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $644k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Osteopathic Foundation of West Michigan 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 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Delaware Financial Education Allian ($643k), Yokefellow Ministry of Mount Airy Incorporated ($644k) and Judges and Lawyers Breast Cancer Alert Inc ($643k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $113k (22% of expenses). Other salaries and wages came to $32k. At year end it held assets of $10.6m against liabilities of $487k, net assets of $10.1m. It reported 3 employees.