Hendricks County Community Foundation Inc

Analysis

Hendricks County Community Foundation Inc is a registered charity in United States, based in Avon, IN. It received its IRS tax-exemption ruling in March 1993, 33 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, Hendricks County Community Foundation Inc reported income of $3.5m and spending of $2.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.2m to $3.5m (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hendricks County Community Foundation 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 United Way of North Central Mass Inc ($3.5m), American Friends of Orchot Torah Drav Shteinman Inc ($3.5m) and United Way of Greater Cincinnati Foundation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $76k (2.9% of expenses). Other salaries and wages came to $362k. At year end it held assets of $20.8m against liabilities of $688k, net assets of $20.1m. It reported 12 employees.