Community Foundation of Greater Fort Wayne Inc

Analysis

Community Foundation of Greater Fort Wayne Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 1964, 62 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 Foundation of Greater Fort Wayne Inc reported income of $22.7m and spending of $13.6m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.1m to $22.7m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 60% 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 Greater Fort Wayne 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 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Essex County Community FDN Inc ($22.7m), United Way of Central Ohio Inc ($22.8m) and United Way of the National Capital Area ($22.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $558k (4.1% of expenses). Other salaries and wages came to $790k. At year end it held assets of $219.1m against liabilities of $12.7m, net assets of $206.4m. It reported 21 employees.