Van Andel Institute

Analysis

Van Andel Institute is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Van Andel Institute reported income of $171.8m and spending of $306.2m, spending 178% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $99.7m to $171.8m (+72%), an average of +15% a year. The sharpest change came in the year to November 2021, when income rose by 167%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Van Andel Institute sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Bny Mellon Charitable Gift Fund ($171.3m), Jewish Community Foundation of San Diego ($172.5m) and The Community Foundation for Greater Atlanta Inc ($170.6m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $8,500 (0.0% of expenses). At year end it held assets of $2.02bn against liabilities of $9.3m, net assets of $2.01bn.