The Community Trust Foundation Inc

Analysis

The Community Trust Foundation Inc is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in March 2007, 19 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, The Community Trust Foundation Inc reported income of $1.1m and spending of $563k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.1m (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Trust Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include United Way of Chatham County Inc ($1.1m), Friends of the Pittsburgh Fisher House Inc ($1.1m) and Northpoint Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $61k (11% of expenses). Other salaries and wages came to $32k. At year end it held assets of $10.8m against liabilities of $200k, net assets of $10.6m. It reported 2 employees.