Saranac Community Association

Analysis

Saranac Community Association is a registered charity in United States, based in Saranac, MI. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saranac Community Association reported income of $183k and spending of $140k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $183k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Saranac Community Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Knights of Columbus Mental Retarda- Tion Foundation of Nebraska Inc ($183k), Ivanhoe Village Inc ($183k) and Real Estate Research Institute ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.