Eastmont Community Foudation Inc

Analysis

Eastmont Community Foudation Inc is a registered charity in United States, based in Shawsville, VA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Eastmont Community Foudation Inc reported income of $539k and spending of $236k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $539k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastmont Community Foudation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include River Raisin Centre for the Arts Inc ($539k), 100 Groton Parkway Inc ($539k) and The Shepherds Fold Inc ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $24k (10% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.5m against liabilities of $8,439, net assets of $1.5m. It reported 36 employees.