First Community Foundation Inc

Analysis

First Community Foundation Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1971, 55 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, First Community Foundation Inc reported income of $2.2m and spending of $627k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.2m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Community Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Friends of the Cornell Lab of Ornithology Inc ($2.2m), Live2540 Inc ($2.2m) and The Gibbs Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $24k. At year end it held assets of $11.7m against liabilities of $302k, net assets of $11.4m.