Community Foundation Forindependence

Analysis

Community Foundation Forindependence is a registered charity in United States, based in Independence, KS. It received its IRS tax-exemption ruling in May 2016, 10 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, Community Foundation Forindependence reported income of $608k and spending of $242k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $608k (+332%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation Forindependence sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KS. Charities of a similar size with the same main cause include George Lopez Foundation ($607k), The Shaevsky Family Foundation ($608k) and Habersham County United Way Inc ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.