Louie R Merlo Foundation

Analysis

Louie R Merlo Foundation is a registered charity in United States, based in Northville, MI. It received its IRS tax-exemption ruling in April 2020, 6 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 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, Louie R Merlo Foundation reported income of $50k and spending of $47k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $50k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 192%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Louie R Merlo Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Dana College Foundation Inc ($50k), Party for a Cure Corporation ($50k) and Minot Area Community Foundation ($50k).

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 $256k against liabilities of $0, net assets of $256k.