McDonough County Community Foundation

Analysis

McDonough County Community Foundation is a registered charity in United States, based in Macomb, IL. It received its IRS tax-exemption ruling in February 2014, 12 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, McDonough County Community Foundation reported income of $237k and spending of $35k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $18k to $237k (+1236%), an average of +1236% a year. The sharpest change came in the year to December 2023, when income rose by 1236%. Over the whole period it spent 18% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McDonough County Community Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Andersons Fund Supporting Organization ($237k), Cornerstone Ondemand Foundation ($237k) and CPG Cares Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $299k against liabilities of $0, net assets of $299k.