Winnebago County Farm Bureau Foundation

Analysis

Winnebago County Farm Bureau Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Winnebago County Farm Bureau Foundation reported income of $54k and spending of $38k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $54k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Winnebago County Farm Bureau Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Church Women United of Richland County Thrift Shop ($54k), Chris Noels Vetsville Cease Fire House Inc ($54k) and Womans Department Club of Shreveport LA ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.