North Central Michigan College Foundation

Analysis

North Central Michigan College Foundation is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, North Central Michigan College Foundation reported income of $1.9m and spending of $1.4m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $991k to $1.9m (+94%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 215%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Central Michigan College Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include New Harvest Educational Centers ($1.9m), St Albans Episcopal Day School Inc ($1.9m) and Beta Gamma Sigma Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $12.6m against liabilities of $0, net assets of $12.6m.