Hamilton Community Foundation Inc

Analysis

Hamilton Community Foundation Inc is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in October 1956, 70 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, Hamilton Community Foundation Inc reported income of $14.5m and spending of $11.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $14.5m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 326%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hamilton Community Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include The Catholic Foundation of North Georgia Inc ($14.4m), Licking County Foundation ($14.5m) and Milwaukee Center for Independence Foundation Inc ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $426k (3.8% of expenses). Other salaries and wages came to $269k. At year end it held assets of $146.8m against liabilities of $13.9m, net assets of $132.9m. It reported 7 employees.