Community Foundation of Madison and Jefferson County Inc

Analysis

Community Foundation of Madison and Jefferson County Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in March 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 Madison and Jefferson County Inc reported income of $3.7m and spending of $1.8m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.7m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 45% 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 Madison and Jefferson County Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Tomorrows Hope Foundation II Inc ($3.7m), United Way of Northwest Vermont Inc ($3.7m) and The Mono Lake Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $141k (7.9% of expenses). Other salaries and wages came to $161k. At year end it held assets of $40.6m against liabilities of $2.8m, net assets of $37.7m. It reported 4 employees.