Louisville Community Foundation

Analysis

Louisville Community Foundation is a registered charity in United States, based in Louisville, OH. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Louisville Community Foundation reported income of $293k and spending of $81k, leaving 72% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $33k to $293k (+785%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 448%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Louisville Community Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Eecu Community Foundation ($293k), Kolel Shmiel Bynumen Inc ($293k) and Denny Hamlin Foundation ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.2% of the total. At year end it held assets of $620k against liabilities of $800, net assets of $619k.