Northern Indiana Community Foundation Inc

Analysis

Northern Indiana Community Foundation Inc is a registered charity in United States, based in Rochester, 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, Northern Indiana Community Foundation Inc reported income of $4.3m and spending of $4.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.3m (-20%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northern Indiana Community Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Community Foundation of the Virgin Islands Inc ($4.3m), Generations United Inc ($4.3m) and Inland Southern California United Way ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $137k (3.1% of expenses). Other salaries and wages came to $307k. At year end it held assets of $61.5m against liabilities of $4.1m, net assets of $57.4m. It reported 10 employees.