Ironwood Community Foundation

Analysis

Ironwood Community Foundation is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in June 2001, 25 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, Ironwood Community Foundation reported income of $92k and spending of $135k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $92k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 153% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ironwood Community Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Atassi Foundation ($92k), Norfolk Rotary Charities Inc ($92k) and Strive for Change Foundation ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $525k against liabilities of $362k, net assets of $163k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.