LJ Midge Verplank Community Impact Fund

Analysis

LJ Midge Verplank Community Impact Fund is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in September 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LJ Midge Verplank Community Impact Fund reported income of $5.1m and spending of $1.2m, leaving 76% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $30k to $5.1m (+16513%), an average of +1189% a year. The sharpest change came in the year to December 2023, when income rose by 1514329%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LJ Midge Verplank Community Impact Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Communities of Coastal Georgia Foundation Inc ($5.1m), Morrison & Foerster Foundation ($5.1m) and Well-Spring Services Inc ($5.0m).

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 $3.9m against liabilities of $0, net assets of $3.9m.