Muskegon County Community Foundation

Analysis

Muskegon County Community Foundation is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in December 1966, 60 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, Muskegon County Community Foundation reported income of $18.0m and spending of $17.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.3m to $18.0m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Muskegon County Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Eo Companies ($18.0m), Springfield Foundation ($18.1m) and Wellstar Foundation Inc ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $330k (1.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $233.4m against liabilities of $26.2m, net assets of $207.2m. It reported 76 employees.