Highland Area Community Foundation Inc

Analysis

Highland Area Community Foundation Inc is a registered charity in United States, based in Highland, IL. It received its IRS tax-exemption ruling in October 1995, 31 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 June 2023, Highland Area Community Foundation Inc reported income of $790k and spending of $787k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $632k to $790k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 99%. 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, Highland Area Community Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Community Foundation Trust ($790k), Krempels Brain Injury Center ($790k) and Fund More Good Foundation Inc ($788k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 1.4% of the total. Other salaries and wages came to $63k. At year end it held assets of $6.1m against liabilities of $1,328, net assets of $6.1m. It reported 3 employees.