Community Foundation of Greater Huntsville

Analysis

Community Foundation of Greater Huntsville is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in September 2009, 17 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, Community Foundation of Greater Huntsville reported income of $17.8m and spending of $15.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $17.8m (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Greater Huntsville sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Solidaire Network Inc ($17.8m), Keren Hayeshivot Trust ($18.0m) and Media Development Investment Fund Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $123k (0.8% of expenses). Other salaries and wages came to $309k. At year end it held assets of $51.3m against liabilities of $12.1m, net assets of $39.3m. It reported 10 employees.