Boone Remc Community Fund Inc

Analysis

Boone Remc Community Fund Inc is a registered charity in United States, based in Lebanon, IN. It received its IRS tax-exemption ruling in August 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 (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, Boone Remc Community Fund Inc reported income of $54k and spending of $74k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $54k (-8.9%), an average of -8.9% a year. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boone Remc Community Fund Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include James Experience Foundation ($54k), Talmudo Biyado Mishnayos Clubs Inc ($54k) and The@net Counseling and Mentoring ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.