Community Foundation of Frederick County Maryland Incorporated

Analysis

Community Foundation of Frederick County Maryland Incorporated is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in May 1987, 39 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 Frederick County Maryland Incorporated reported income of $21.7m and spending of $11.7m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $21.7m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 49% 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 Frederick County Maryland Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Union General Hospital ($21.7m), Fairfield Countys Community Foundation Inc ($21.9m) and Community Foundation of St Joseph County Inc ($21.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $465k (4.0% of expenses). Other salaries and wages came to $996k. At year end it held assets of $174.2m against liabilities of $10.8m, net assets of $163.4m. It reported 19 employees.