Fayette County Foundation Inc

Analysis

Fayette County Foundation Inc is a registered charity in United States, based in Connersville, IN. It received its IRS tax-exemption ruling in April 2002, 24 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, Fayette County Foundation Inc reported income of $790k and spending of $873k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $790k (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fayette County Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Krempels Brain Injury Center ($790k), El Paso Special Needs Education Center ($791k) and Highland Area Community Foundation Inc ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $72k. At year end it held assets of $16.4m against liabilities of $1.1m, net assets of $15.3m. It reported 6 employees.