Western Indiana Community Foundation Inc

Analysis

Western Indiana Community Foundation Inc is a registered charity in United States, based in Covington, IN. It received its IRS tax-exemption ruling in June 1995, 31 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, Western Indiana Community Foundation Inc reported income of $4.8m and spending of $2.6m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.8m (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 52%. 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, Western Indiana Community Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include United Way of Acadiana Inc ($4.8m), Gold Crown Foundation Inc ($4.8m) and Lake County Community Foundation ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $115k (4.4% of expenses). Other salaries and wages came to $155k. At year end it held assets of $36.2m against liabilities of $500k, net assets of $35.7m. It reported 6 employees.