Noble County Community Foundation Inc

Analysis

Noble County Community Foundation Inc is a registered charity in United States, based in Ligonier, IN. It received its IRS tax-exemption ruling in August 1991, 35 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, Noble County Community Foundation Inc reported income of $2.6m and spending of $3.4m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $2.6m (-60%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Noble County Community Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include American Macular Degeneration Foundation Inc ($2.6m), Eagle Valley Community Foundation ($2.6m) and Cleveland Browns Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $87k (2.6% of expenses). Other salaries and wages came to $193k. At year end it held assets of $36.9m against liabilities of $5.9m, net assets of $30.9m. It reported 8 employees.