Benton Community Foundation Inc

Analysis

Benton Community Foundation Inc is a registered charity in United States, based in Van Horne, IA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Benton Community Foundation Inc reported income of $133k and spending of $103k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $133k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benton Community Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within IA. Charities of a similar size with the same main cause include Engeye Inc ($133k), Gem of the Hills Senior Citizens Community Center ($133k) and PTA Texas Congress ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $2.1m against liabilities of $126k, net assets of $2.0m.