Advancing Macomb Foundation Inc

Analysis

Advancing Macomb Foundation Inc is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in July 2014, 12 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, Advancing Macomb Foundation Inc reported income of $1.4m and spending of $337k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $268k to $1.4m (+417%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 565%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Advancing Macomb Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Billings Leadership Foundation ($1.4m), St Anns of Greater Rochester Inc ($1.4m) and Zichron Tzvi Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (30% of expenses). Other salaries and wages came to $7,656. At year end it held assets of $1.3m against liabilities of $80k, net assets of $1.2m. It reported 3 employees.