Foundry Community Foundation

Analysis

Foundry Community Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Foundry Community Foundation reported income of $608k and spending of $610k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $862k to $608k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundry Community Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Entrepreneur Works Fund ($608k), Bedford Joint Municipal Authority ($608k) and Childrens Rehabilitation Center ($608k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 82% of the total. Other salaries and wages came to $253k. At year end it held assets of $1.3m against liabilities of $337k, net assets of $916k. It reported 9 employees.