Owen County Community Foundation

Analysis

Owen County Community Foundation is a registered charity in United States, based in Spencer, IN. It received its IRS tax-exemption ruling in June 1995, 31 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, Owen County Community Foundation reported income of $1.6m and spending of $997k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Owen County Community Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include United Way of Mercer County ($1.6m), National Police Defense Foundation Inc ($1.6m) and Schweitzer Family Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $97k (9.7% of expenses). Other salaries and wages came to $104k. At year end it held assets of $12.6m against liabilities of $410k, net assets of $12.2m. It reported 6 employees.