Centre County Community Foundation Inc

Analysis

Centre County Community Foundation Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in March 1996, 30 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, Centre County Community Foundation Inc reported income of $6.0m and spending of $5.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.9m to $6.0m (-23%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Centre County Community Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Community Foundation of Central Missouri ($6.0m), Flying T Nil Inc ($6.1m) and Our Fund Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $173k (3.0% of expenses). Other salaries and wages came to $448k. At year end it held assets of $78.2m against liabilities of $16k, net assets of $78.2m. It reported 10 employees.