Spring Arbor University Foundation

Analysis

Spring Arbor University Foundation is a registered charity in United States, based in Spring Arbor, MI. It received its IRS tax-exemption ruling in May 2003, 23 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 May 2023, Spring Arbor University Foundation reported income of $564k and spending of $50k, leaving 91% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $17k to $564k (+3183%), an average of +139% a year. The sharpest change came in the year to May 2022, when income rose by 2739%. Over the whole period it spent 1.4% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spring Arbor University Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Friends of Kiowa District Hospital and Manor Foundation Inc ($564k), Friends of Community Foundations of Canada ($565k) and Boone County Community Foundation ($563k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $41k. At year end it held assets of $6.0m against liabilities of $1.8m, net assets of $4.2m.