Community Foundation of Wabash County Inc

Analysis

Community Foundation of Wabash County Inc is a registered charity in United States, based in N Manchester, IN. It received its IRS tax-exemption ruling in October 1962, 64 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 Wabash County Inc reported income of $9.7m and spending of $5.7m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $9.7m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 42% 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 Wabash County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Knox County Foundation ($9.7m), Tisbest Philanthropy ($9.7m) and Herbalife Nutrtion Foundation ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $119k (2.1% of expenses). Other salaries and wages came to $339k. At year end it held assets of $86.2m against liabilities of $6.3m, net assets of $79.9m. It reported 8 employees.