Community Foundation of Hancock County Inc

Analysis

Community Foundation of Hancock County Inc is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in January 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, Community Foundation of Hancock County Inc reported income of $4.0m and spending of $6.1m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.2m to $4.0m (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 99%. 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 of Hancock County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Community Foundation of East Central Illinois ($4.0m), Pikes Peak or Bust Rodeo Foundation ($4.0m) and Hope Crisis Response Network Inc- HCRN ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $117k (1.9% of expenses). Other salaries and wages came to $416k. At year end it held assets of $57.7m against liabilities of $1.2m, net assets of $56.5m. It reported 9 employees.