Wabash Valley Community Foundation Inc

Analysis

Wabash Valley Community Foundation Inc is a registered charity in United States, based in Terre Haute, 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 September 2023, Wabash Valley Community Foundation Inc reported income of $7.8m and spending of $5.0m, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.1m to $7.8m (-14%), an average of -3.8% a year. The sharpest change came in the year to September 2021, when income rose by 70%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wabash Valley Community Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Foundation for Southeast Texas Inc ($7.8m), Denver Public Schools Foundation ($7.8m) and Ascension Wisconsin Foundation Inc ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $210k (4.2% of expenses). Other salaries and wages came to $408k. At year end it held assets of $88.0m against liabilities of $6.5m, net assets of $81.4m. It reported 16 employees.