Community Foundation of Elkhart County Inc

Analysis

Community Foundation of Elkhart County Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in March 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, Community Foundation of Elkhart County Inc reported income of $35.7m and spending of $41.3m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.0m to $35.7m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 52%. 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 Elkhart County Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Holdsworth Center ($35.6m), Give Lively Foundation Inc ($35.7m) and Orange Countys United Way ($35.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $463k (1.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $405.1m against liabilities of $46.5m, net assets of $358.6m. It reported 30 employees.