The Community Fund of Darien

Analysis

The Community Fund of Darien is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in February 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Community Fund of Darien reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $1.2m (-46%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Fund of Darien sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Irvine Valley College Foundation ($1.2m), The Breathing Room Foundation ($1.2m) and E J & Marjory B S Ourso Family Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $120k (10.0% of expenses). Other salaries and wages came to $205k. At year end it held assets of $2.8m against liabilities of $699k, net assets of $2.1m. It reported 6 employees.