Lagrange County Community Foundation Inc

Analysis

Lagrange County Community Foundation Inc is a registered charity in United States, based in Lagrange, 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, Lagrange County Community Foundation Inc reported income of $3.0m and spending of $1.6m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.0m (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lagrange County Community Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include William C Schumacher Family Foundation ($3.0m), Jeff Gordon Childrens Foundation ($3.0m) and The Schenectady Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $82k (5.2% of expenses). Other salaries and wages came to $136k. At year end it held assets of $24.4m against liabilities of $229k, net assets of $24.2m. It reported 4 employees.