Montgomery County Community Foundation Inc

Analysis

Montgomery County Community Foundation Inc is a registered charity in United States, based in Crawfordsvlle, IN. It received its IRS tax-exemption ruling in February 1992, 34 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, Montgomery County Community Foundation Inc reported income of $4.8m and spending of $4.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.8m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montgomery County Community Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Friends of Bassett Inc ($4.8m), Henry Ford Health Providence Foundation ($4.8m) and 9 11 Day ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $129k (3.2% of expenses). Other salaries and wages came to $324k. At year end it held assets of $69.2m against liabilities of $3.1m, net assets of $66.1m. It reported 9 employees.