Big Spring Area Community Foundation Inc

Analysis

Big Spring Area Community Foundation Inc is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in July 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 (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, Big Spring Area Community Foundation Inc reported income of $2.0m and spending of $861k, leaving 57% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.5m to $2.0m (+35%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 298%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Big Spring Area Community Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Childrens Home Foundation ($2.0m), F E a S T Inc ($2.0m) and Driven Brands Charitable Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $140k (16% of expenses). At year end it held assets of $19.1m against liabilities of $5.8m, net assets of $13.3m. It reported 1 employees.