Albert F Kessel Foundation
Only null% goes to programs Strong reserves Growing revenue
Albert F Kessel Foundation is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2002, with $4,203,648 in FY2024 revenue. CharityIndex grades it C+.
1500 Warner Bldg, Grand Rapids, MI, 49503 EIN 38-3545901 Since 2002
Revenue (FY2024)
$4.2M
▲ 18798.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$37K
Net assets
$4.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Albert F Kessel Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating1520 mo reserves · +99% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albert F Kessel Foundation: 1520 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Albert F Kessel Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albert F Kessel Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1500 Warner Bldg, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $1 (FY2013) to $4.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $4.7M
Operating margin
99.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.7M
Total liabilities
$0
Net assets
$4.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,203,648▲18799% | $36,933▼13.7% | $4,676,828▲816% | $4,676,828▲816% | 990PF |
| 2023 | $22,243▼29.6% | $42,814▼3.4% | $510,334▼3.9% | $510,334▼3.9% | 990PF |
| 2022 | $31,591▲84.7% | $44,303▲18.7% | $531,171▼2.4% | $531,171▼2.4% | 990PF |
| 2021 | $17,103▲34.0% | $37,321▲3.8% | $544,132▼3.6% | $544,132▼3.6% | 990PF |
| 2020 | $12,761▼31.0% | $35,964▼0.4% | $564,692▼4.0% | $564,692▼4.0% | 990PF |
| 2019 | $18,502▲26.0% | $36,123▲11.2% | $588,088▼2.9% | $588,088▼2.9% | 990PF |
| 2018 | $14,688▲19.4% | $32,490▼4.2% | $605,919▼2.7% | $605,919▼2.7% | 990PF |
| 2017 | $12,303▼7.1% | $33,920▲79.7% | $622,976▼3.4% | $622,976▼3.4% | 990PF |
| 2016 | $13,242▼97.3% | $18,874▲247% | $644,808▼0.9% | $644,808▼0.9% | 990PF |
| 2015 | $483,652▲218% | $5,447▲92.9% | $650,627▲277% | $650,627▲277% | 990PF |
| 2014 | $152,006▲15200500% | $2,824▲20.3% | $172,422▲642% | $172,422▲642% | 990PF |
| 2013 | $1 | $2,347 | $23,240 | $23,240 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Similar organizations in Philanthropy
Compare Albert F Kessel Foundation
Frequently asked questions
- Is Albert F Kessel Foundation a legitimate nonprofit?
- Yes. Albert F Kessel Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3545901, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Albert F Kessel Foundation's EIN?
- Albert F Kessel Foundation's Employer Identification Number (EIN) is 38-3545901.
- How much revenue does Albert F Kessel Foundation report?
- Albert F Kessel Foundation reported $4,203,648 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Albert F Kessel Foundation have?
- CharityIndex grades Albert F Kessel Foundation C+, based on financial health (reserves and operating margin).
More nonprofits in Grand Rapids
Explore more
Data for Albert F Kessel Foundation (EIN 38-3545901) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.