Cambridge Community Foundation

Analysis

Cambridge Community Foundation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1944, 82 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cambridge Community Foundation reported income of $10.2m and spending of $7.6m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $10.2m (+126%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cambridge Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Early Learning Ventures ($10.2m), Door County Community Foundation Inc ($10.2m) and United Way of Greater New Haven Inc ($10.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $700k (9.2% of expenses). Other salaries and wages came to $896k. At year end it held assets of $62.7m against liabilities of $3.1m, net assets of $59.6m. It reported 12 employees.