Mount Horeb Community Foundation Inc

Analysis

Mount Horeb Community Foundation Inc is a registered charity in United States, based in Mount Horeb, WI. It received its IRS tax-exemption ruling in August 1990, 36 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, Mount Horeb Community Foundation Inc reported income of $114k and spending of $125k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $114k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mount Horeb Community Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Schield Family Brands Employee Lite Foundation Inc ($114k), First Contact Incorporated ($114k) and Temple Sinai of Roslyn Endowment Fund ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $2.3m against liabilities of $79k, net assets of $2.2m.