Community News Foundation

Analysis

Community News Foundation is a registered charity in United States, based in Harrisonville, MO. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Community News Foundation reported income of $6.0m and spending of $6.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $6.0m (+1381%), an average of +96% a year. The sharpest change came in the year to December 2020, when income rose by 560%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community News Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Opus Caritatis Inc ($6.0m), Highland Community School Inc ($6.0m) and Central Coast Commission for Senior Citizerns ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (0.5% of expenses). At year end it held assets of $307k against liabilities of $0, net assets of $307k.