Steuben County Community Foundation Inc

Analysis

Steuben County Community Foundation Inc is a registered charity in United States, based in Angola, IN. It received its IRS tax-exemption ruling in July 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 2024, Steuben County Community Foundation Inc reported income of $4.3m and spending of $2.3m, leaving 47% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.0m to $4.3m (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 298%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Steuben County Community Foundation 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 92nd percentile within IN. Charities of a similar size with the same main cause include Arbor Brothers Inc ($4.3m), Voluntary Action Center ($4.3m) and Hands on Atlanta Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $116k (5.2% of expenses). Other salaries and wages came to $250k. At year end it held assets of $55.5m against liabilities of $3.7m, net assets of $51.8m. It reported 6 employees.