Topeka Community Foundation

Analysis

Topeka Community Foundation is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in May 1984, 42 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, Topeka Community Foundation reported income of $17.6m and spending of $7.4m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.4m to $17.6m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 473%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Topeka Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KS. Charities of a similar size with the same main cause include Aspen Community Foundation ($17.5m), United Way of Delaware Inc ($17.6m) and Community Foundation of the Fox River Valley ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $180k (2.4% of expenses). Other salaries and wages came to $301k. At year end it held assets of $107.7m against liabilities of $25.1m, net assets of $82.6m. It reported 5 employees.