Community Foundation of the Upper Peninsula

Analysis

Community Foundation of the Upper Peninsula is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in April 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, Community Foundation of the Upper Peninsula reported income of $4.7m and spending of $3.7m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Upper Peninsula sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include California Foundation for Stronger Communities ($4.7m), Drug Enforcement Administration Survivors Benefit Fund Inc ($4.7m) and Driscoll Childrens Hospital Development Foundation Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $90k (2.5% of expenses). Other salaries and wages came to $600k. At year end it held assets of $37.1m against liabilities of $2.2m, net assets of $34.9m. It reported 18 employees.