Ann Arbor Area Community Foundation

Analysis

Ann Arbor Area Community Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1965, 61 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, Ann Arbor Area Community Foundation reported income of $10.2m and spending of $13.3m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.9m to $10.2m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ann Arbor Area Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Community Foundation of Snohomish County ($10.2m), Wichita Foundation ($10.2m) and Community Foundation of Northwest Georgia Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $388k (2.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $208.1m against liabilities of $6.3m, net assets of $201.8m. It reported 19 employees.