Community Foundation of Chippewa

Analysis

Community Foundation of Chippewa is a registered charity in United States, based in Chippewa Falls, WI. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2024, Community Foundation of Chippewa reported income of $4.0m and spending of $626k, leaving 84% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $4.0m (+152%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 96%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Chippewa sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Placer Community Foundation ($4.0m), Junior League of Miami Foundation Inc ($4.0m) and Clearfield Community Charitable Foundation ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $91k (15% of expenses). Other salaries and wages came to $70k. At year end it held assets of $28.2m against liabilities of $9.7m, net assets of $18.5m. It reported 3 employees.