Community Foundation of Southern Indiana Inc

Analysis

Community Foundation of Southern Indiana Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in July 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 June 2023, Community Foundation of Southern Indiana Inc reported income of $4.1m and spending of $8.0m, spending 194% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.6m to $4.1m (-72%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 79% 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 Southern Indiana Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Friends of Aderes Hatorah Inc ($4.1m), Hogs for the Cause ($4.1m) and Cooperative Fund of the Northeast Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $228k (2.8% of expenses). Other salaries and wages came to $352k. At year end it held assets of $136.3m against liabilities of $93.5m, net assets of $42.8m. It reported 10 employees.