Catholic Foundation of Southwestern Michigan

Analysis

Catholic Foundation of Southwestern Michigan is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Foundation of Southwestern Michigan reported income of $2.0m and spending of $43k, leaving 98% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $474k to $2.0m (+322%), an average of +43% a year. The sharpest change came in the year to June 2021, when income rose by 640%. Over the whole period it spent 8.7% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Foundation of Southwestern Michigan sits at the 85th percentile: it is larger than about 85% 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 Crystal City Working Parents Inc ($2.0m), Westbridge Vocational Inc ($2.0m) and American Culture Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $13.7m against liabilities of $5.0m, net assets of $8.6m.