Jennings County Community Foundation Inc

Analysis

Jennings County Community Foundation Inc is a registered charity in United States, based in North Vernon, IN. It received its IRS tax-exemption ruling in October 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, Jennings County Community Foundation Inc reported income of $658k and spending of $602k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $901k to $658k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jennings County Community Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Beacon Communities Charitable Fund Inc ($657k), Asian Partners International Inc ($658k) and Teen Recovery Solutions Inc ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $40k (6.7% of expenses). Other salaries and wages came to $43k. At year end it held assets of $7.4m against liabilities of $67k, net assets of $7.3m. It reported 6 employees.