The Community Foundatio of Louisville Depository Inc

Analysis

The Community Foundatio of Louisville Depository Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 1989, 37 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 Foundatio of Louisville Depository Inc reported income of $17.7m and spending of $18.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.4m to $17.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 94% 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 Foundatio of Louisville Depository Inc 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 96th percentile within KY. Charities of a similar size with the same main cause include Ventura County Community Foundation ($17.6m), Ada Forsyth Institute Inc ($17.7m) and United Way of Delaware Inc ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $24.1m against liabilities of $446k, net assets of $23.7m.