Charles J Strosacker Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Charles J Strosacker Foundation is a 501(c)(3) organization based in Midland, Michigan, registered in 1958, with $11,356,572 in FY2024 revenue. CharityIndex grades it B.
Po Box 471, Midland, MI, 48640 EIN 38-6062787 Since 1958
Revenue (FY2024)
$11.4M
▲ 78.9% vs prior year
Expenses (FY2024)
$4.7M
Net assets
$62.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Charles J Strosacker 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 rating160 mo reserves · +59% 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 Charles J Strosacker Foundation: 160 mo reserves · +59% 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 Charles J Strosacker Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Charles J Strosacker Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $3.9M (FY2020) to $11.4M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.7MNet assets $62.6M
Operating margin
58.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$66.3M
Total liabilities
$3.7M
Net assets
$62.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,356,572▲78.9% | $4,695,853▼3.6% | $62,646,173▲13.6% | $66,300,210▲11.3% | 990PF |
| 2023 | $6,349,703▲131% | $4,869,829▼2.7% | $55,131,082▲6.0% | $59,562,741▲2.6% | 990PF |
| 2022 | $2,743,571▼57.2% | $5,004,609▲5.2% | $52,004,176▼3.3% | $58,052,745▼3.8% | 990PF |
| 2021 | $6,406,727▲64.3% | $4,756,299▲20.8% | $53,797,474▼2.9% | $60,341,092▲2.9% | 990PF |
| 2020 | $3,900,217 | $3,936,221 | $55,381,874 | $58,657,768 | 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.
Frequently asked questions
- Is Charles J Strosacker Foundation a legitimate nonprofit?
- Yes. Charles J Strosacker Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-6062787, based in Midland, Michigan. Donations are tax-deductible.
- What is Charles J Strosacker Foundation's EIN?
- Charles J Strosacker Foundation's Employer Identification Number (EIN) is 38-6062787.
- How much revenue does Charles J Strosacker Foundation report?
- Charles J Strosacker Foundation reported $11,356,572 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Charles J Strosacker Foundation have?
- CharityIndex grades Charles J Strosacker Foundation B, based on financial health (reserves and operating margin).
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Data for Charles J Strosacker Foundation (EIN 38-6062787) 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.