M&m Area Community Foundation

Analysis

M&m Area Community Foundation is a registered charity in United States, based in Menominee, MI. It received its IRS tax-exemption ruling in February 1996, 30 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, M&m Area Community Foundation reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, M&m Area Community Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include United Way of Kitsap County ($1.1m), Arrl Foundation Inc ($1.1m) and Alliance Community Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $91k (8.1% of expenses). Other salaries and wages came to $52k. At year end it held assets of $13.9m against liabilities of $762k, net assets of $13.1m. It reported 2 employees.