Indian River Community Foundation

Analysis

Indian River Community Foundation is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 2004, 22 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 2023, Indian River Community Foundation reported income of $13.5m and spending of $19.1m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $33.1m to $13.5m (-59%), an average of -20% a year. The sharpest change came in the year to June 2020, when income dropped by 65%. 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, Indian River Community Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Midland Area Community Foundation ($13.5m), Truman Heartland Community Foundation ($13.6m) and Ozark Empire Fair Foundation ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $238k (1.2% of expenses). Other salaries and wages came to $294k. At year end it held assets of $78.4m against liabilities of $5.1m, net assets of $73.4m. It reported 5 employees.