Charlevoix County Community Foundation

Analysis

Charlevoix County Community Foundation is a registered charity in United States, based in East Jordan, MI. It received its IRS tax-exemption ruling in April 1992, 34 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, Charlevoix County Community Foundation reported income of $5.2m and spending of $3.3m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $5.2m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlevoix County Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include United Way of Santa Cruz County ($5.2m), Knights of Columbus Charities USA Inc ($5.2m) and Douglas County Educational Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $174k (5.3% of expenses). Other salaries and wages came to $235k. At year end it held assets of $59.2m against liabilities of $5.6m, net assets of $53.6m. It reported 7 employees.