Community Foundation of Tompkins County Inc

Analysis

Community Foundation of Tompkins County Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in July 2000, 26 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 Tompkins County Inc reported income of $3.6m and spending of $3.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $3.6m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 71% 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 Tompkins County Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Seal Future Foundation Inc ($3.6m), Grantmakers in Health ($3.6m) and Minnesota State Fair Foundation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $113k (3.2% of expenses). Other salaries and wages came to $424k. At year end it held assets of $26.2m against liabilities of $1.3m, net assets of $24.8m. It reported 6 employees.