Cadillac Area Community Foundation

Analysis

Cadillac Area Community Foundation is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in April 1993, 33 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 September 2023, Cadillac Area Community Foundation reported income of $1.0m and spending of $931k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $1.0m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to September 2021, when income rose by 91%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cadillac Area Community Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include The Bridge Fund ($1.0m), Christian Academy of Louisville Foundation Inc ($1.0m) and Ms Breast Foundation ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $50k (5.3% of expenses). Other salaries and wages came to $13k. At year end it held assets of $15.2m against liabilities of $463k, net assets of $14.8m. It reported 2 employees.