South Madison Community Foundation Inc

Analysis

South Madison Community Foundation Inc is a registered charity in United States, based in Pendleton, 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 June 2023, South Madison Community Foundation Inc reported income of $1.2m and spending of $792k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+8.7%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Madison Community Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Partners Charity Fund for Israel ($1.2m), E J & Marjory B S Ourso Family Foundation ($1.2m) and United Way of Southwest Georgia Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $58k (7.3% of expenses). Other salaries and wages came to $48k. At year end it held assets of $12.4m against liabilities of $253k, net assets of $12.2m. It reported 5 employees.