Ferris Foundation

Analysis

Ferris Foundation is a registered charity in United States, based in Big Rapids, MI. It received its IRS tax-exemption ruling in August 1966, 60 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 2023, Ferris Foundation reported income of $8.4m and spending of $7.2m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.4m to $8.4m (+30%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ferris Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Concilio de Organizaciones Hispanas ($8.4m), Lincoln Christian School Association ($8.4m) and American Theological Library Assoc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $123.4m against liabilities of $131k, net assets of $123.3m.