Ufcw Local 951 Foundation

Analysis

Ufcw Local 951 Foundation is a registered charity in United States, based in Kentwood, MI. It received its IRS tax-exemption ruling in June 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 June 2024, Ufcw Local 951 Foundation reported income of $525k and spending of $183k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $433k to $525k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ufcw Local 951 Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Greater Hermiston Community Foundation ($525k), Bradley and Nikki Bozeman Foundation Inc ($525k) and Lyles Foundation ($525k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.