Great Bend Foundation Inc

Analysis

Great Bend Foundation Inc is a registered charity in United States, based in Great Bend, KS. It received its IRS tax-exemption ruling in March 1991, 35 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 (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, Great Bend Foundation Inc reported income of $61k and spending of $23k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income fell from $238k to $61k (-74%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great Bend Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within KS. Charities of a similar size with the same main cause include Cleveland Neighborhood Association - Cna ($61k), Allapattah Business Development Authority Inc ($61k) and Luther Community Service Center Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.