Whidbey Community Foundation

Analysis

Whidbey Community Foundation is a registered charity in United States, based in Coupeville, WA. It received its IRS tax-exemption ruling in January 2017, 9 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, Whidbey Community Foundation reported income of $2.9m and spending of $1.3m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $2.9m (+1098%), an average of +86% a year. The sharpest change came in the year to December 2022, when income rose by 297%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Whidbey Community Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Austin Hatcher Foundation Forpediatric Cancer ($2.9m), Emergency Medical Service a Trust ($2.9m) and Beech Acres Foundation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $83k (6.1% of expenses). Other salaries and wages came to $25k. It paid $8,310 in professional fundraising fees. At year end it held assets of $4.8m against liabilities of $79k, net assets of $4.8m. It reported 2 employees.