Benton Community Foundation Inc

Analysis

Benton Community Foundation Inc is a registered charity in United States, based in Fowler, IN. It received its IRS tax-exemption ruling in August 2004, 22 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, Benton Community Foundation Inc reported income of $786k and spending of $655k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $860k to $786k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Benton Community Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include United Way of Gloucester County ($785k), Ken Duke and Friends Inc ($786k) and Al Kauser ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $66k (10% of expenses). Other salaries and wages came to $46k. At year end it held assets of $9.4m against liabilities of $280k, net assets of $9.1m. It reported 4 employees.