Mackinac Island Community Foundation

Analysis

Mackinac Island Community Foundation is a registered charity in United States, based in Mackinac Is, MI. It received its IRS tax-exemption ruling in May 1995, 31 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, Mackinac Island Community Foundation reported income of $2.0m and spending of $1.0m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 340%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mackinac Island Community Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include United Way of Johnson County Inc ($2.0m), Jewish Fund Inc ($2.0m) and Highline Schools Foundation for Excellence ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $70k (6.8% of expenses). Other salaries and wages came to $43k. At year end it held assets of $18.6m against liabilities of $589k, net assets of $18.1m. It reported 2 employees.