Baraga County Community Foundation

Analysis

Baraga County Community Foundation is a registered charity in United States, based in Baraga, MI. It received its IRS tax-exemption ruling in December 1994, 32 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, Baraga County Community Foundation reported income of $65k and spending of $74k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $73k to $65k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 477%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Baraga County Community Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Bourbon Hounds of Houston ($65k), Thomas Tucker Taranto Memorial Scholarship Fund ($65k) and Union Hill School Parent Teachers Club ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $31k (42% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.