Foundation for the Tri-State Community Inc

Analysis

Foundation for the Tri-State Community Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in September 1972, 54 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, Foundation for the Tri-State Community Inc reported income of $1.3m and spending of $1.9m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.3m (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for the Tri-State Community Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Roy H Laird Memorial Hospital Foundation Inc ($1.3m), Shaw Festival Foundation ($1.3m) and Foundations and Donors Interest in Catholic Activities ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $418k. At year end it held assets of $32.7m against liabilities of $432k, net assets of $32.3m. It reported 5 employees.