Gratiot County Community Foundation

Analysis

Gratiot County Community Foundation is a registered charity in United States, based in Ithaca, MI. It received its IRS tax-exemption ruling in April 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 September 2023, Gratiot County Community Foundation reported income of $853k and spending of $999k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $779k to $853k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to September 2020, when income rose by 56%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gratiot County Community Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Neighborshare LLC ($852k), Restoration Development Foundation Inc ($853k) and Warren County Foundation Depository ($852k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $66k (6.6% of expenses). Other salaries and wages came to $85k. At year end it held assets of $16.2m against liabilities of $1.0m, net assets of $15.1m. It reported 4 employees.