Elga Credit Union Foundation for Impact

Analysis

Elga Credit Union Foundation for Impact is a registered charity in United States, based in Grand Blanc, MI. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Elga Credit Union Foundation for Impact reported income of $686k and spending of $156k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $383k to $686k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elga Credit Union Foundation for Impact sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Ppsel Building Corporation ($686k), 62nd & 65th Regiments Legacy Foundation Inc ($686k) and Aum Education Society of Texas ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $747k against liabilities of $0, net assets of $747k.