Petoskey-harbor Springs Area Community Foundation
Only null% goes to programs Strong reserves Growing revenue
Petoskey-harbor Springs Area Community Foundation is a 501(c)(3) organization based in Petoskey, Michigan, registered in 1992, with $9,074,377 in FY2024 revenue. CharityIndex grades it B.
1349 Us Highway 131 Ste A, Petoskey, MI, 49770 EIN 38-3032185 Since 1992
Revenue (FY2024)
$9.1M
▼ 2.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$7.9M
Net assets
$49.7M
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 Petoskey-harbor Springs Area Community 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 rating75 mo reserves · +13% 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 Petoskey-harbor Springs Area Community Foundation: 75 mo reserves · +13% 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 Petoskey-harbor Springs Area Community 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 Petoskey-harbor Springs Area Community Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1349 Us Highway 131 Ste A, Petoskey, MI, 49770
- City
- Petoskey
- State
- Michigan
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $2.1M (FY2013) to $9.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $12.3MNet assets $49.7M
Operating margin
12.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$62.0M
Total liabilities
$12.3M
Net assets
$49.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,074,377▼2.4% | $7,905,984▼14.2% | $49,662,279▲4.1% | $61,985,629▲1.2% | 990 |
| 2023 | $9,300,684▲15.0% | $9,217,826▲45.3% | $47,706,010▲10.0% | $61,226,065▲10.5% | 990 |
| 2022 | $8,085,618▲7.6% | $6,342,237▲48.8% | $43,351,559▼5.7% | $55,398,624▼2.2% | 990 |
| 2021 | $7,516,964▲20.7% | $4,261,148▼5.5% | $45,964,035▲0.6% | $56,667,644▲0.8% | 990 |
| 2020 | $6,225,556▲19.9% | $4,510,491▲19.2% | $45,695,627▲39.5% | $56,212,807▲42.3% | 990 |
| 2019 | $5,190,171▼15.8% | $3,783,176▲13.2% | $32,749,097▼10.5% | $39,491,856▼10.5% | 990 |
| 2018 | $6,162,966▲2.9% | $3,342,133▲1.6% | $36,593,131▲2.3% | $44,140,143▲3.0% | 990 |
| 2017 | $5,990,941▲57.7% | $3,288,018▲19.2% | $35,766,169▲9.2% | $42,864,174▲13.4% | 990 |
| 2016 | $3,799,078▲0.6% | $2,757,531▼19.9% | $32,743,849▲9.9% | $37,792,608▲10.7% | 990 |
| 2015 | $3,776,049▼24.5% | $3,440,570▲36.8% | $29,786,545▼7.8% | $34,144,266▼8.1% | 990 |
| 2014 | $4,999,570▲140% | $2,514,408▲46.7% | $32,294,768▲7.3% | $37,159,218▲8.1% | 990 |
| 2013 | $2,083,096 | $1,713,439▲40.3% | $30,104,620▲11.2% | $34,375,158▲11.4% | 990 |
| 2012 | — | $1,221,070▲10.6% | $27,071,064▲8.8% | $30,871,261▲8.5% | 990 |
| 2011 | — | $1,103,975▼4.5% | $24,883,004▲43.1% | $28,459,934▲36.8% | 990 |
| 2010 | — | $1,155,697 | $17,386,126 | $20,798,607 | 990 |
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.
Grants received · $1.5M total
28 grants to Petoskey-harbor Springs Area Community Foundation totaling $1.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Collier Community Foundation Inc | Public, societal benefit | 2024 | $100,500 |
| Ecmc Foundation | General support | 2024 | $10,000 |
| Columbus Foundation | Advancing philanthropy | 2024 | $7,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $13,500 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $12,750 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $8,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $668,100 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $31,150 |
| Ecmc Foundation | General support | 2022 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $10,000 |
| American Online Giving Foundation Inc | General support | 2022 | $8,879 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $307,550 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $8,650 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $8,650 |
| Paypal Charitable Giving Fund | General support | 2021 | $6,826 |
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Compare Petoskey-harbor Springs Area Community Foundation
Frequently asked questions
- Is Petoskey-harbor Springs Area Community Foundation a legitimate nonprofit?
- Yes. Petoskey-harbor Springs Area Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3032185, based in Petoskey, Michigan. Donations are tax-deductible.
- What is Petoskey-harbor Springs Area Community Foundation's EIN?
- Petoskey-harbor Springs Area Community Foundation's Employer Identification Number (EIN) is 38-3032185.
- How much revenue does Petoskey-harbor Springs Area Community Foundation report?
- Petoskey-harbor Springs Area Community Foundation reported $9,074,377 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Petoskey-harbor Springs Area Community Foundation have?
- CharityIndex grades Petoskey-harbor Springs Area Community Foundation B, based on financial health (reserves and operating margin).
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Data for Petoskey-harbor Springs Area Community Foundation (EIN 38-3032185) 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.