Community Foundation for McHenry County

Analysis

Community Foundation for McHenry County is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in December 2001, 25 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 September 2023, Community Foundation for McHenry County reported income of $2.0m and spending of $2.4m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.4m to $2.0m (-16%), an average of -4.2% a year. The sharpest change came in the year to September 2020, when income rose by 162%. Over the whole period it spent 62% 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 for McHenry County sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Hillsdale County Community Foundation ($2.0m), Housewares Charity Foundation ($2.0m) and Shree Dharmajivan Mission Private Foundation Charitable Trust ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $96k (4.0% of expenses). Other salaries and wages came to $229k. At year end it held assets of $43.0m against liabilities of $993k, net assets of $42.0m. It reported 9 employees.