Kalamazoo Foundation for Excellence

Analysis

Kalamazoo Foundation for Excellence is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kalamazoo Foundation for Excellence reported income of $7.1m and spending of $19.3m, spending 273% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $82.9m to $7.1m (-91%), an average of -56% a year. The sharpest change came in the year to December 2021, when income rose by 346%. Over the whole period it spent 4.4% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalamazoo Foundation for Excellence sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Scissortail Park Foundation Inc ($7.1m), Marshall-Starke Development Center Inc ($7.1m) and Clements Boys and Girls Club Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $157k (0.8% of expenses). At year end it held assets of $470.5m against liabilities of $234k, net assets of $470.2m. It reported 1 employees.