Community Foundation of the Eastern Shore Inc

Analysis

Community Foundation of the Eastern Shore Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in October 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 June 2023, Community Foundation of the Eastern Shore Inc reported income of $13.2m and spending of $7.6m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $13.2m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Eastern Shore Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Blue Mountain Community Foundation ($13.1m), Kennedy Krieger Foundation Inc ($13.2m) and United Way of the Midlands ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $147k (1.9% of expenses). Other salaries and wages came to $637k. At year end it held assets of $159.4m against liabilities of $49.3m, net assets of $110.0m. It reported 13 employees.