Cressy Foundation Inc

Analysis

Cressy Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cressy Foundation Inc reported income of $266k and spending of $163k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $358k to $266k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2024, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cressy Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Zion Corner Development Inc ($266k), American Friends Fo Haam Hayehudi Btel Aviv Inc ($266k) and Anaconda Community Foundation Inc ($266k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.9m against liabilities of $55k, net assets of $1.9m.