Community Foundation of Carroll County Inc

Analysis

Community Foundation of Carroll County Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in August 1994, 32 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, Community Foundation of Carroll County Inc reported income of $3.4m and spending of $4.1m, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.4m (+34%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 96% 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 Carroll County Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include United Way of Marathon County Inc ($3.4m), North American Foundation for the University of Manchester Inc ($3.4m) and The Hokie Way Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $92k (2.3% of expenses). Other salaries and wages came to $610k. At year end it held assets of $6.1m against liabilities of $43k, net assets of $6.0m. It reported 54 employees.