Erie Community Foundation

Analysis

Erie Community Foundation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in March 1959, 67 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, Erie Community Foundation reported income of $33.7m and spending of $26.9m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.8m to $33.7m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 65%. 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, Erie Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Circle of Life ($33.2m), So What Else Inc ($33.8m) and Jefferson Scholars Foundation ($33.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $476k (1.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $364.1m against liabilities of $4.6m, net assets of $359.5m. It reported 21 employees.