Kalamazoo Community Foundation

Analysis

Kalamazoo Community Foundation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in February 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 December 2023, Kalamazoo Community Foundation reported income of $40.7m and spending of $32.4m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $52.0m to $40.7m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income rose by 135%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kalamazoo Community Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Southern California Grantmakers ($40.1m), Stark Community Foundation Inc ($40.8m) and Community Foundation of Greater Chattanooga Inc ($40.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $1.8m (5.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $640.0m against liabilities of $4.5m, net assets of $635.5m. It reported 55 employees.