Hamilton County Community Foundation Inc

Analysis

Hamilton County Community Foundation Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in March 2005, 21 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, Hamilton County Community Foundation Inc reported income of $16.6m and spending of $7.5m, leaving 55% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $12.1m to $16.6m (+37%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 405%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hamilton County Community Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Pasadena Community Foundation ($16.5m), American Legion Charities Inc ($16.6m) and New Harmony Care Center Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $335k (4.5% of expenses). Other salaries and wages came to $507k. At year end it held assets of $113.4m against liabilities of $2.9m, net assets of $110.5m. It reported 12 employees.