Whitley County Community Foundation Inc

Analysis

Whitley County Community Foundation Inc is a registered charity in United States, based in Columbia City, 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, Whitley County Community Foundation Inc reported income of $3.2m and spending of $4.0m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.2m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Whitley County Community Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Patrick Henry Community College Educational Foundation Inc ($3.2m), Peopleforbikes Foundation ($3.2m) and Ole Health Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $111k (2.8% of expenses). Other salaries and wages came to $210k. At year end it held assets of $38.2m against liabilities of $787k, net assets of $37.4m. It reported 6 employees.