Loblolly Community Foundation Inc

Analysis

Loblolly Community Foundation Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in December 1998, 28 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 2023, Loblolly Community Foundation Inc reported income of $943k and spending of $950k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $943k (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Loblolly Community Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Boise Bicycle Project Inc ($942k), United Way of Cayuga County Inc ($944k) and Meadowlark Hills Foundation ($941k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $2.2m against liabilities of $812k, net assets of $1.3m.