Eastside Area Community Foundation Inc

Analysis

Eastside Area Community Foundation Inc is a registered charity in United States, based in Butler, IN. It received its IRS tax-exemption ruling in December 1983, 43 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, Eastside Area Community Foundation Inc reported income of $136k and spending of $83k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $136k (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 481%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eastside Area Community Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include Grant a Wish Fund ($136k), Rockton Lions Club Charities ($136k) and First Electric Trust ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $10k (12% of expenses). At year end it held assets of $1.5m against liabilities of $51k, net assets of $1.4m. It reported 1 employees.