The Putnam County Community Foundation Inc

Analysis

The Putnam County Community Foundation Inc is a registered charity in United States, based in Greencastle, IN. It received its IRS tax-exemption ruling in June 1986, 40 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, The Putnam County Community Foundation Inc reported income of $6.4m and spending of $2.2m, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $6.4m (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 57% 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 Putnam County Community Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Stratis Health ($6.3m), Westmoreland Cultural Trust ($6.4m) and Community Child Care Center of Delray Beach Foundation Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $107k (4.9% of expenses). Other salaries and wages came to $255k. At year end it held assets of $45.7m against liabilities of $6.3m, net assets of $39.4m. It reported 6 employees.