The Community Foundation of Louisville Inc

Analysis

The Community Foundation of Louisville Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 1980, 46 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 June 2023, The Community Foundation of Louisville Inc reported income of $143.7m and spending of $122.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.3m to $143.7m (+120%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 83%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation of Louisville Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Communities Foundation of Oklahoma Inc ($142.7m), Community Foundation of Northwest Indiana Inc ($144.6m) and Impact Investing Charitable Foundation Inc ($142.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $1.2m (0.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $642.6m against liabilities of $29.6m, net assets of $613.0m. It reported 37 employees.