Greater Fayette Community Foundation

Analysis

Greater Fayette Community Foundation is a registered charity in United States, based in LA Grange, TX. It received its IRS tax-exemption ruling in March 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Fayette Community Foundation reported income of $1.6m and spending of $863k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $1.6m (+6482%), an average of +185% a year. The sharpest change came in the year to December 2020, when income rose by 853%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Fayette Community Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Friends of the League Foundation ($1.6m), Fremont Area United Way ($1.6m) and Chesapeake Bay Wine Classic Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $64k (7.4% of expenses). Other salaries and wages came to $77k. At year end it held assets of $2.1m against liabilities of $2,538, net assets of $2.1m. It reported 3 employees.