The Leelanau Township Community Foundation Inc

Analysis

The Leelanau Township Community Foundation Inc is a registered charity in United States, based in Northport, MI. It received its IRS tax-exemption ruling in November 1946, 80 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, The Leelanau Township Community Foundation Inc reported income of $494k and spending of $424k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $587k to $494k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Leelanau Township 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 Friends of Chikumbuso Inc ($494k), Ventura County Sheriffs Foundation ($494k) and Nhat Tam Charity ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $40k (9.5% of expenses). Other salaries and wages came to $25k. At year end it held assets of $7.1m against liabilities of $44k, net assets of $7.0m. It reported 3 employees.