Community Foundations Inc

Analysis

Community Foundations Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 1987, 39 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, Community Foundations Inc reported income of $6.7m and spending of $7.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 90% 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 Foundations 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 OH. Charities of a similar size with the same main cause include Community Giving Foundation ($6.7m), The Coral Gables Community Foundation ($6.7m) and United Way Quad Cities ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $72.4m against liabilities of $679k, net assets of $71.8m.