Grand Valley University Foundation

Analysis

Grand Valley University Foundation is a registered charity in United States, based in Allendale, MI. It received its IRS tax-exemption ruling in June 1965, 61 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Grand Valley University Foundation reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $1.1m (-25%), an average of -5.5% a year. The sharpest change came in the year to June 2020, when income rose by 201%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Valley University Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Sacred Heart Village I Inc ($1.1m), Hayes Senior Housing Corporation ($1.1m) and Chances and Changes Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $1,505. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.