Community Foundation of Muncie and Delaware County Inc

Analysis

Community Foundation of Muncie and Delaware County Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in September 1985, 41 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 Muncie and Delaware County Inc reported income of $3.6m and spending of $5.4m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $3.6m (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 58% 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 Muncie and Delaware County Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Mara Elephant Project USA Inc ($3.6m), Forward Global Inc ($3.6m) and Remedy Alliance Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $106k (2.0% of expenses). Other salaries and wages came to $430k. At year end it held assets of $89.9m against liabilities of $8.3m, net assets of $81.6m. It reported 11 employees.