Elmwood Community Foundation

Analysis

Elmwood Community Foundation is a registered charity in United States, based in Elmwood, IL. It received its IRS tax-exemption ruling in July 1999, 27 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, Elmwood Community Foundation reported income of $241k and spending of $399k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $241k (+90%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elmwood Community Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Gavilan College Educational Foundation ($241k), The Jadyn Fred Fund ($241k) and Oak Hills Memorial Foundation Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 21% of the total. At year end it held assets of $765k against liabilities of $210k, net assets of $555k.