The Community Foundation Inc

Analysis

The Community Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1970, 56 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, The Community Foundation Inc reported income of $119.3m and spending of $84.4m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65.9m to $119.3m (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Jewish United Fund of Metropolitan Chicago ($117.1m), United Way of Central Alabama Inc ($121.9m) and Msi US ($116.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $1.5m (1.8% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $800.9m against liabilities of $70.3m, net assets of $730.5m. It reported 72 employees.