Washington County Community Foundation Inc

Analysis

Washington County Community Foundation Inc is a registered charity in United States, based in Salem, IN. It received its IRS tax-exemption ruling in March 1994, 32 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, Washington County Community Foundation Inc reported income of $3.5m and spending of $1.2m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.5m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington 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 90th percentile within IN. Charities of a similar size with the same main cause include Fremont Area Community Foundation Inc ($3.5m), Community Foundation of South Central Wisconsin Inc ($3.5m) and Center for Energy Workforcedevelopment ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $131k (11% of expenses). Other salaries and wages came to $171k. At year end it held assets of $35.7m against liabilities of $4.6m, net assets of $31.1m. It reported 5 employees.