The Stateline Community Foundation Inc

Analysis

The Stateline Community Foundation Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in August 1987, 39 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, The Stateline Community Foundation Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $906k to $1.3m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Stateline Community Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Tax Credit Benevolent Association ($1.3m), Farm Journal Agricultural Foundation ($1.3m) and Union County Community Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $104k (8.4% of expenses). Other salaries and wages came to $305k. At year end it held assets of $14.8m against liabilities of $1.4m, net assets of $13.4m. It reported 6 employees.