Community Foundation of Northwest Indiana Inc

Analysis

Community Foundation of Northwest Indiana Inc is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in July 1985, 41 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Foundation of Northwest Indiana Inc reported income of $144.6m and spending of $140.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $138.2m to $144.6m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 73% 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 Northwest Indiana 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 IN. Charities of a similar size with the same main cause include The Community Foundation of Louisville Inc ($143.7m), The Bessemer Giving Fund ($145.4m) and Communities Foundation of Oklahoma Inc ($142.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $5.3m (3.7% of expenses). Other salaries and wages came to $48.2m. At year end it held assets of $1.54bn against liabilities of $511.6m, net assets of $1.03bn. It reported 989 employees.