Otsego Community Foundation

Analysis

Otsego Community Foundation is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in July 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, Otsego Community Foundation reported income of $2.5m and spending of $2.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $932k to $2.5m (+171%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 276%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Otsego Community Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Nash Community College Foundation Inc ($2.5m), Antiques and Garden Show of Nashville Inc ($2.5m) and Watertown Community Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $60k (2.8% of expenses). Other salaries and wages came to $108k. At year end it held assets of $10.5m against liabilities of $1.4m, net assets of $9.1m. It reported 5 employees.