Berks County Community Foundation Inc

Analysis

Berks County Community Foundation Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2023, Berks County Community Foundation Inc reported income of $11.6m and spending of $9.2m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.5m to $11.6m (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 257%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Berks County Community Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Foothills Community Foundation ($11.6m), Los Angeles Brotherhood Crusade - Black United Fund Inc ($11.7m) and International Planned Parenthood Federation - Worldwide Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $528k (5.7% of expenses). Other salaries and wages came to $713k. At year end it held assets of $123.9m against liabilities of $7.3m, net assets of $116.6m. It reported 16 employees.