Grand Rapids Community College Foundation

Analysis

Grand Rapids Community College Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Grand Rapids Community College Foundation reported income of $5.7m and spending of $4.6m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $12.7m to $5.7m (-55%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 64%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Rapids Community College 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 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Early Childhood at Mdy Inc ($5.7m), Oswego College Foundation Inc ($5.7m) and California Maritime Academy Foundation Inc ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $11k (0.2% of expenses). At year end it held assets of $41.9m against liabilities of $2.3m, net assets of $39.7m.