Phelps County Community Foundation Inc

Analysis

Phelps County Community Foundation Inc is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2024, Phelps County Community Foundation Inc reported income of $4.9m and spending of $5.0m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.0m to $4.9m (+60%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 312%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Phelps County Community Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Legacy Foundation Inc ($4.9m), Grantmakers for Effective Organizations ($4.9m) and United Way of Bartholomew County Inc ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $67k (1.3% of expenses). Other salaries and wages came to $102k. At year end it held assets of $30.7m against liabilities of $8.5m, net assets of $22.2m. It reported 5 employees.