Community Foundation of Morgan County Inc

Analysis

Community Foundation of Morgan County Inc is a registered charity in United States, based in Martinsville, IN. It received its IRS tax-exemption ruling in October 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, Community Foundation of Morgan County Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.1m (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Morgan County Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Carc Washington Ranch Foundation ($1.1m), National Christian Charitable Foundation ($1.1m) and Broadrick Family Foundation of Florida Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $246k (20% of expenses). At year end it held assets of $11.2m against liabilities of $1.3m, net assets of $9.8m. It reported 5 employees.