Walled Lake Civic Fund

Analysis

Walled Lake Civic Fund is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in December 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walled Lake Civic Fund reported income of $66k and spending of $69k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $66k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Walled Lake Civic Fund sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Limestone Area Community Foundation Inc ($66k), San Jose Obrero Foundation Corp ($66k) and Maniapure Foundation USA Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.