Franklin County Community Foundation Inc

Analysis

Franklin County Community Foundation Inc is a registered charity in United States, based in Brookville, 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 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 August 2023, Franklin County Community Foundation Inc reported income of $834k and spending of $790k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.7m to $834k (-51%), an average of -16% a year. The sharpest change came in the year to August 2021, when income rose by 58%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Franklin County Community Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Jewish Federation of Ventura County ($833k), Des Moines Public Library Foundation ($834k) and Visitation Community Outreach Foundation ($833k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $56k (7.1% of expenses). Other salaries and wages came to $30k. At year end it held assets of $10.9m against liabilities of $32k, net assets of $10.9m. It reported 2 employees.