Community Foundation of the Klamathbasin

Analysis

Community Foundation of the Klamathbasin is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in September 2009, 17 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 of the Klamathbasin reported income of $363k and spending of $447k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $500k to $363k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income rose by 946%. Over the whole period it spent 18% 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 of the Klamathbasin sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within OR. Charities of a similar size with the same main cause include Heather Abbott Foundation ($363k), Lexington Community Foundation ($363k) and Shawano County Job Center Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $35k (7.8% of expenses). At year end it held assets of $8.9m against liabilities of $733, net assets of $8.9m. It reported 1 employees.