Aberdeen Area Community Foundation Inc

Analysis

Aberdeen Area Community Foundation Inc is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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, Aberdeen Area Community Foundation Inc reported income of $101k and spending of $113k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $101k (+173%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 441%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aberdeen Area Community Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 32nd percentile within SD. Charities of a similar size with the same main cause include Pioneer Historical Society of Bed Ford County Inc ($101k), Arc 4th Housing Corporation ($101k) and The Maryland Steam Historical Society Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.