Adams County Community Foundation Inc

Analysis

Adams County Community Foundation Inc is a registered charity in United States, based in Decatur, IN. It received its IRS tax-exemption ruling in December 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, Adams County Community Foundation Inc reported income of $2.0m and spending of $1.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.0m (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adams County Community Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Campbell University Foundation Inc ($2.0m), Northwest North Dakota Community Foundation Inc ($2.0m) and United Way of the Ozarks ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $101k (5.9% of expenses). Other salaries and wages came to $75k. At year end it held assets of $24.3m against liabilities of $482k, net assets of $23.8m. It reported 4 employees.