Anaconda Community Foundation Inc

Analysis

Anaconda Community Foundation Inc is a registered charity in United States, based in Anaconda, MT. It received its IRS tax-exemption ruling in August 2008, 18 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, Anaconda Community Foundation Inc reported income of $266k and spending of $150k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $266k (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anaconda Community Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MT. Charities of a similar size with the same main cause include Yolo Community Foundation ($266k), Zion Corner Development Inc ($266k) and From Cradle to College Foundation ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 32% of the total. At year end it held assets of $1.3m against liabilities of $222k, net assets of $1.1m.