Grand Rapids Community Foundation

Analysis

Grand Rapids Community Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 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 June 2024, Grand Rapids Community Foundation reported income of $27.9m and spending of $23.8m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $27.3m to $27.9m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2024, when income rose by 219%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grand Rapids Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Roswell Park Alliance Foundation ($27.7m), Redf ($28.0m) and Catholic Charities of Buffalo ($27.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $1.2m (5.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $446.0m against liabilities of $6.1m, net assets of $439.9m. It reported 35 employees.