The Greenville Area Community Foundation

Analysis

The Greenville Area Community Foundation is a registered charity in United States, based in Greenville, MI. It received its IRS tax-exemption ruling in December 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, The Greenville Area Community Foundation reported income of $2.3m and spending of $1.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Greenville Area 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 Hadar Bais Yaakov Inc ($2.3m), Great River Health Foundation Inc ($2.3m) and Denver Post Community Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $119k (6.3% of expenses). Other salaries and wages came to $133k. At year end it held assets of $46.4m against liabilities of $3.7m, net assets of $42.7m. It reported 4 employees.