Boone County Community Foundation

Analysis

Boone County Community Foundation is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in November 2007, 19 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 County Community Foundation reported income of $563k and spending of $451k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $563k (+205%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 107%. 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, Boone County Community Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Lafayette Parks Foundation Inc ($563k), Friends of Kiowa District Hospital and Manor Foundation Inc ($564k) and St Joseph Missions ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 19% of the total. Other salaries and wages came to $45k. At year end it held assets of $9.4m against liabilities of $1.1m, net assets of $8.3m. It reported 2 employees.