Catholic Foundation of Michigan

Analysis

Catholic Foundation of Michigan is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Catholic Foundation of Michigan reported income of $9.2m and spending of $6.1m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.2m to $9.2m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 40% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation of Michigan sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Catholic Leadership Institute ($9.2m), Desert Trails Inc ($9.2m) and Christian Light Publications Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $177k (2.9% of expenses). Other salaries and wages came to $157k. At year end it held assets of $48.2m against liabilities of $26.7m, net assets of $21.5m. It reported 6 employees.