Celani Family Foundation Inc

Analysis

Celani Family Foundation Inc is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in September 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, Celani Family Foundation Inc reported income of $825k and spending of $869k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $825k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 570%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Celani Family Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Gentiva Foundation Inc ($825k), Out of the Ashes Inc ($826k) and JKM Library Trust ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 164% of the total. At year end it held assets of $1.2m against liabilities of $55k, net assets of $1.1m.