Fountain Hills Community Foundation

Analysis

Fountain Hills Community Foundation is a registered charity in United States, based in Fountain HLS, AZ. It received its IRS tax-exemption ruling in March 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fountain Hills Community Foundation reported income of $172k and spending of $108k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $193k to $172k (-11%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fountain Hills Community Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Northwest Unit for Special Investigations Inc ($172k), Burkettsville Community Fire Department ($172k) and Friends of South Grand Lake Regional Airport Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $23k (21% of expenses). At year end it held assets of $459k against liabilities of $0, net assets of $459k.