Sterling Heights Area Community Foundation

Analysis

Sterling Heights Area Community Foundation is a registered charity in United States, based in Sterling Heights, MI. It received its IRS tax-exemption ruling in January 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 December 2023, Sterling Heights Area Community Foundation reported income of $90k and spending of $95k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $90k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sterling Heights Area Community Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Policy Consensus Initiative Inc ($90k), Lead with Love Inc ($90k) and New Destiny Pathways ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.