Philanthropy & Grantmaking
(T31)
IRS Verified
DX Registered
MACKINAC ISLAND COMMUNITY FOUNDATION
CharityAI™ Score
Not yet evaluated
Mission Statement
The Mackinac Island Community Foundation promotes the general well-being of Island residents and visitors, by working in community partnerships to generate endowed and un-endowed funds and stimulate community-wide initiatives.
Financial Overview — FY 2023
$2.0M
Total Revenue
$1.0M
Total Expenses
$18.1M
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
74.3%
Fundraising Efficiency
0.0%
Operating Reserve
210.46x
Liability-to-Asset
3.2%
Revenue Diversification
68.5%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $2.0M | $1.0M | $18.1M | 74.3% | 2 |
| 2022 | $447K | $898K | N/A | — | 2 |
| 2021 | $1.8M | $1.2M | N/A | — | 2 |
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