Norton County Community Foundation Inc

Analysis

Norton County Community Foundation Inc is a registered charity in United States, based in Norton, KS. It received its IRS tax-exemption ruling in December 2016, 10 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, Norton County Community Foundation Inc reported income of $340k and spending of $277k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $340k (+130%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norton County Community Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KS. Charities of a similar size with the same main cause include River Ridge Farm TR Uw ($340k), Snow Redfern Memorial Foundation ($340k) and Chara Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). Other salaries and wages came to $41k. At year end it held assets of $442k against liabilities of $2,397, net assets of $439k. It reported 3 employees.