Community Foundation of Boone County Inc

Analysis

Community Foundation of Boone County Inc is a registered charity in United States, based in Lebanon, IN. It received its IRS tax-exemption ruling in June 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, Community Foundation of Boone County Inc reported income of $2.6m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.6m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 75% 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 Boone County 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 Oscar Mike Foundation ($2.6m), Nashville State Community College Foundation ($2.6m) and United Way of Charlotte County Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 22% of the total. Other salaries and wages came to $259k. At year end it held assets of $33.6m against liabilities of $1.1m, net assets of $32.6m. It reported 8 employees.