Allegan County Community Foundation

Analysis

Allegan County Community Foundation is a registered charity in United States, based in Allegan, MI. It received its IRS tax-exemption ruling in December 1982, 44 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, Allegan County Community Foundation reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Allegan County Community Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Bay Area Lyme Major Gift Fund ($2.0m), United Way of Reno County ($2.0m) and United Way of Carlisle & Cumberland County ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $100k (5.5% of expenses). Other salaries and wages came to $231k. At year end it held assets of $22.6m against liabilities of $491k, net assets of $22.1m. It reported 8 employees.