Grand Traverse Regional Community Foundation

Analysis

Grand Traverse Regional Community Foundation is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 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, Grand Traverse Regional Community Foundation reported income of $4.9m and spending of $5.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $4.9m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2020, when income rose by 264%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grand Traverse Regional 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 Groundswell Charitable Foundation ($4.9m), Earth Innovation Institute ($4.9m) and Asian Pacific Fund ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $158k (3.0% of expenses). Other salaries and wages came to $691k. At year end it held assets of $96.1m against liabilities of $93k, net assets of $96.0m. It reported 11 employees.