Longmont Community Foundation

Analysis

Longmont Community Foundation is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Longmont Community Foundation reported income of $3.4m and spending of $2.4m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.4m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Longmont Community Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Association for Enterprise Opportunity Inc ($3.4m), Adirondack Medical Center Foundation ($3.4m) and The Northern Cincinnati Foundation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $109k (4.6% of expenses). Other salaries and wages came to $79k. At year end it held assets of $25.3m against liabilities of $8.5m, net assets of $16.8m. It reported 4 employees.