Northville Community Foundation Inc

Analysis

Northville Community Foundation Inc is a registered charity in United States, based in Northville, MI. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northville Community Foundation Inc reported income of $490k and spending of $588k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $490k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northville Community Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Park Avenue Foundation Inc ($490k), United Way of Cullman County Inc ($490k) and Atchison Terrace Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $62k (11% of expenses). Other salaries and wages came to $278k. At year end it held assets of $426k against liabilities of $13k, net assets of $413k. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.