Pontiac Community Foundation Inc

Analysis

Pontiac Community Foundation Inc is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Pontiac Community Foundation Inc reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $1.5m (+640%), an average of +65% a year. The sharpest change came in the year to December 2020, when income rose by 399%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pontiac Community Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Assisting Lives in Las Vegas ($1.5m), Door of Faith Ministries Inc ($1.5m) and National Association of Secretaries of State Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $117k (8.3% of expenses). Other salaries and wages came to $383k. At year end it held assets of $1.0m against liabilities of $264k, net assets of $767k. It reported 18 employees.