Community Foundation Alliance Inc

Analysis

Community Foundation Alliance Inc is a registered charity in United States, based in Evansville, 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 June 2023, Community Foundation Alliance Inc reported income of $8.3m and spending of $6.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.3m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2020, when income rose by 110%. Over the whole period it spent 58% 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 Alliance Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Community Foundation of the Florida Keys ($8.3m), Hana Health ($8.3m) and Margaret and Robert Walter Foundation ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $344k (5.0% of expenses). Other salaries and wages came to $814k. At year end it held assets of $126.2m against liabilities of $7.3m, net assets of $119.0m. It reported 21 employees.