Greene County Foundation Inc

Analysis

Greene County Foundation Inc is a registered charity in United States, based in Bloomfield, IN. It received its IRS tax-exemption ruling in September 1992, 34 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, Greene County Foundation Inc reported income of $1.0m and spending of $764k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.0m (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greene County Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Wapakoneta Area Community Foundation ($1.0m), Kingdom Trust ($1.0m) and The Kansas City Symphony Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $69k (9.0% of expenses). Other salaries and wages came to $66k. At year end it held assets of $14.3m against liabilities of $306k, net assets of $14.0m. It reported 5 employees.