Limestone Area Community Foundation Inc

Analysis

Limestone Area Community Foundation Inc is a registered charity in United States, based in Athens, AL. It received its IRS tax-exemption ruling in December 1992, 34 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 September 2023, Limestone Area Community Foundation Inc reported income of $66k and spending of $103k, spending 156% of what it took in. Across the 5 years on record, from July 2020 to September 2023, income fell from $76k to $66k (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2023, when income rose by 1836%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Limestone Area Community Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Maniapure Foundation USA Inc ($66k), Walled Lake Civic Fund ($66k) and Northwest Iowa Health Center Foundation Inc ($66k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $664k against liabilities of $0, net assets of $664k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.