Buckingham Foundation Inc

Analysis

Buckingham Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2006, 20 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 December 2023, Buckingham Foundation Inc reported income of $5.7m and spending of $6.8m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.2m to $5.7m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 177%. 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, Buckingham Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include McPherson County Community Foundation ($5.7m), Freewill Impact Fund ($5.7m) and Pikes Peak United Way ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $275k (4.1% of expenses). Other salaries and wages came to $670k. At year end it held assets of $34.3m against liabilities of $28.1m, net assets of $6.1m. It reported 3 employees.