Eau Claire Community Foundation

Analysis

Eau Claire Community Foundation is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in June 1997, 29 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, Eau Claire Community Foundation reported income of $11.0m and spending of $2.4m, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $11.0m (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 261%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eau Claire Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include The Community Foundation for Northern Virginia Inc ($10.9m), The Philanthropy Roundtable Inc ($11.0m) and United Way of the Chattahoochee Valley Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $148k (6.3% of expenses). Other salaries and wages came to $217k. At year end it held assets of $42.3m against liabilities of $6.2m, net assets of $36.1m. It reported 9 employees.