Forman Valley Community Foundation Inc

Analysis

Forman Valley Community Foundation Inc is a registered charity in United States, based in Manito, IL. It received its IRS tax-exemption ruling in June 1998, 28 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, Forman Valley Community Foundation Inc reported income of $103k and spending of $139k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $103k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Forman Valley Community Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Russell Classic Cancer Fund ($103k), Listerhill Foundation ($103k) and Goodwill of North Georgia Development Company II Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.