South Bend Elkhart Regional Partnership Foundation

Analysis

South Bend Elkhart Regional Partnership Foundation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Bend Elkhart Regional Partnership Foundation reported income of $1.7m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $786k to $1.7m (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Bend Elkhart Regional Partnership Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include NDN Fund ($1.7m), Myrtle Beach Downtown Alliance Inc ($1.7m) and Urban Juncture Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $179k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.