Community Foundation of Western Massachusetts

Analysis

Community Foundation of Western Massachusetts is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in April 1991, 35 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 March 2023, Community Foundation of Western Massachusetts reported income of $15.8m and spending of $21.5m, spending 136% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $11.5m to $15.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to March 2020, when income rose by 235%. Over the whole period it spent 52% 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 Western Massachusetts sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Sonoma County Community Foundation ($15.8m), The Healey International Relief Foundation Inc ($15.8m) and Oracle Health Foundation ($15.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 76% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $585k (2.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $239.2m against liabilities of $23.7m, net assets of $215.5m. It reported 27 employees.