Winona Community Foundation Inc

Analysis

Winona Community Foundation Inc is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in January 1994, 32 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, Winona Community Foundation Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.4m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Winona Community Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Andrew Squire Testamentary TR ($2.4m), Community Foundation of Greater Rochester ($2.4m) and Marijuana Policy Project Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $145k (6.0% of expenses). Other salaries and wages came to $40k. At year end it held assets of $17.1m against liabilities of $4.3m, net assets of $12.9m. It reported 4 employees.