Sturgis Area Community Foundation

Analysis

Sturgis Area Community Foundation is a registered charity in United States, based in Sturgis, MI. It received its IRS tax-exemption ruling in July 2002, 24 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 March 2024, Sturgis Area Community Foundation reported income of $3.0m and spending of $2.3m, leaving 25% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.3m to $3.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to March 2022, when income rose by 208%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sturgis Area Community Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Pink Aid Inc ($3.0m), The Ironman Foundation Inc ($3.0m) and Great Rivers United Way Inc ($3.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $160k (7.1% of expenses). Other salaries and wages came to $41k. At year end it held assets of $32.2m against liabilities of $1.6m, net assets of $30.6m. It reported 3 employees.