Shiawassee Community Foundation

Analysis

Shiawassee Community Foundation is a registered charity in United States, based in Owosso, MI. It received its IRS tax-exemption ruling in July 1997, 29 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 September 2023, Shiawassee Community Foundation reported income of $650k and spending of $596k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $758k to $650k (-14%), an average of -3.8% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shiawassee Community Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Lawyers for Children America Inc ($649k), Sandler Family Foundation ($650k) and Alvin I S D Education Foundation Inc ($649k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $46k. At year end it held assets of $10.8m against liabilities of $543k, net assets of $10.2m. It reported 6 employees.