Community Foundation of Middlesex County Inc

Analysis

Community Foundation of Middlesex County Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in September 1997, 29 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 December 2023, Community Foundation of Middlesex County Inc reported income of $3.3m and spending of $2.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Middlesex County Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Boy Scouts of America ($3.2m), Dravet Syndrome Foundation Inc ($3.3m) and Jewish Community Federation of Richmond ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $170k (6.3% of expenses). Other salaries and wages came to $289k. At year end it held assets of $36.4m against liabilities of $1.7m, net assets of $34.7m. It reported 5 employees.