Community Foundation of Washington County Maryland Incorporated

Analysis

Community Foundation of Washington County Maryland Incorporated is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in May 1997, 29 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, Community Foundation of Washington County Maryland Incorporated reported income of $6.1m and spending of $4.0m, leaving 36% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.6m to $6.1m (+10.0%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 53% 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 Washington County Maryland Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Trident United Way Inc ($6.1m), Community Foundation Serving Southwest Colorado ($6.1m) and Orphans in Need USA Inc ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $156k (3.9% of expenses). Other salaries and wages came to $178k. At year end it held assets of $68.3m against liabilities of $6.6m, net assets of $61.7m. It reported 5 employees.