Hutchinson Community Foundation

Analysis

Hutchinson Community Foundation is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in January 1990, 36 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, Hutchinson Community Foundation reported income of $8.6m and spending of $7.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.1m to $8.6m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hutchinson Community Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KS. Charities of a similar size with the same main cause include United Way of the Coastal Empire Inc ($8.5m), McCourt Foundation Inc ($8.6m) and Community Foundation of Mahoning Valley ($8.5m).

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 $282k (3.6% of expenses). Other salaries and wages came to $359k. At year end it held assets of $100.4m against liabilities of $254k, net assets of $100.1m. It reported 9 employees.