Hamilton Community Foundation Inc

Analysis

Hamilton Community Foundation Inc is a registered charity in United States, based in Aurora, NE. It received its IRS tax-exemption ruling in January 1966, 60 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, Hamilton Community Foundation Inc reported income of $649k and spending of $1.4m, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $649k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hamilton Community Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Burning Ones Inc ($649k), Tirbracken Green Foundation Inc ($649k) and Education and Hope ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $52k (3.7% of expenses). Other salaries and wages came to $68k. At year end it held assets of $19.6m against liabilities of $253k, net assets of $19.4m. It reported 7 employees.