Henry County Community Foundation Inc

Analysis

Henry County Community Foundation Inc is a registered charity in United States, based in New Castle, IN. It received its IRS tax-exemption ruling in July 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, Henry County Community Foundation Inc reported income of $3.0m and spending of $3.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $3.0m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Henry County Community Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Urban Alliance ($3.0m), Institute for the Advancement of Minority Health ($3.0m) and Giving Compass Network ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $101k (3.2% of expenses). Other salaries and wages came to $172k. At year end it held assets of $53.7m against liabilities of $1.5m, net assets of $52.3m. It reported 7 employees.