Bennington Community Foundation

Analysis

Bennington Community Foundation is a registered charity in United States, based in Bennington, NE. It received its IRS tax-exemption ruling in June 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, Bennington Community Foundation reported income of $122k and spending of $46k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $326k to $122k (-63%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bennington Community Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NE. Charities of a similar size with the same main cause include Howard & Ethel Ross TR Ua 2 ($122k), Upper Keys Foundation Inc ($122k) and Ahepa Service Dogs for Warriors Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $524k against liabilities of $3,166, net assets of $521k.