Dickinson Area Communtiy Foundation

Analysis

Dickinson Area Communtiy Foundation is a registered charity in United States, based in Iron Mountain, MI. It received its IRS tax-exemption ruling in February 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, Dickinson Area Communtiy Foundation reported income of $1.2m and spending of $846k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $812k to $1.2m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 2521%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dickinson Area Communtiy Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include KBP Cares Inc ($1.2m), Wedgwood Circle ($1.2m) and Ryans Reach ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $68k (8.0% of expenses). Other salaries and wages came to $58k. At year end it held assets of $14.8m against liabilities of $36k, net assets of $14.8m. It reported 3 employees.