Public Schools of Calumet Laurium & Keweenaw Foundation Inc

Analysis

Public Schools of Calumet Laurium & Keweenaw Foundation Inc is a registered charity in United States, based in Calumet, MI. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Public Schools of Calumet Laurium & Keweenaw Foundation Inc reported income of $398k and spending of $193k, leaving 52% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $98k to $398k (+306%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 1350%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Schools of Calumet Laurium & Keweenaw Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Rhode Island Construction Training Academy ($398k), Friends for Life Foundation Inc ($398k) and Excelsior Academy ($397k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% of the total. At year end it held assets of $4.8m against liabilities of $29k, net assets of $4.8m.