Mt Pleasant Area Community Foundation Inc

Analysis

Mt Pleasant Area Community Foundation Inc is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in December 1990, 36 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, Mt Pleasant Area Community Foundation Inc reported income of $2.7m and spending of $1.5m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $2.7m (+204%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mt Pleasant Area Community Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Sonora Area Foundation ($2.7m), Fund for Santa Barbara Inc ($2.7m) and Brewers Community Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $71k (4.7% of expenses). Other salaries and wages came to $145k. At year end it held assets of $29.8m against liabilities of $5.2m, net assets of $24.6m. It reported 6 employees.