Madison County Community Foundation Inc

Analysis

Madison County Community Foundation Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in August 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, Madison County Community Foundation Inc reported income of $2.3m and spending of $2.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.3m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Madison County Community Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include United Way of Greater Nashua Inc ($2.3m), United Way of the Wine Country ($2.3m) and Michigan Organizing Project ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $95k (4.0% of expenses). Other salaries and wages came to $100k. At year end it held assets of $28.2m against liabilities of $1.8m, net assets of $26.3m. It reported 4 employees.