Lake Superior Community Partnership Foundation

Analysis

Lake Superior Community Partnership Foundation is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Lake Superior Community Partnership Foundation reported income of $158k and spending of $128k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $158k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 277%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Superior Community Partnership Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Copley Community Improvement Corporation ($158k), Arvada Visitors Center ($158k) and Desert Recreation Foundation ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $773k against liabilities of $669k, net assets of $104k.