Community Foundation of Abilene

Analysis

Community Foundation of Abilene is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in October 1985, 41 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, Community Foundation of Abilene reported income of $25.0m and spending of $20.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $25.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Abilene sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include San Angelo Area Foundation ($25.0m), Seton Education Partners ($25.2m) and Greater Salina Community Foundation ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $260k (1.3% of expenses). Other salaries and wages came to $537k. At year end it held assets of $185.4m against liabilities of $26.7m, net assets of $158.7m. It reported 12 employees.