Weld Community Foundation

Analysis

Weld Community Foundation is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in December 1995, 31 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, Weld Community Foundation reported income of $4.5m and spending of $4.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.5m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 359%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Weld Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Unity Foundation of Laporte County Inc ($4.5m), Detroit Childrens Fund ($4.6m) and Siouxland Community Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $141k (3.5% of expenses). Other salaries and wages came to $257k. At year end it held assets of $60.1m against liabilities of $3.4m, net assets of $56.7m. It reported 5 employees.