Freeport Community Foundation

Analysis

Freeport Community Foundation is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in August 2014, 12 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, Freeport Community Foundation reported income of $349k and spending of $492k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $349k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 139%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Freeport Community Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Estero Bay Kindness Coalition ($349k), Tri-County Meals ($349k) and The Spirit of St Bernard Foundation ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $125k. At year end it held assets of $5.5m against liabilities of $237k, net assets of $5.3m. It reported 2 employees.