Our Community Foundation Inc

Analysis

Our Community Foundation Inc is a registered charity in United States, based in Washington, IN. It received its IRS tax-exemption ruling in March 2022, 4 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, Our Community Foundation Inc reported income of $3.6m and spending of $227k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $131k to $3.6m (+2688%), an average of +428% a year. The sharpest change came in the year to December 2022, when income rose by 1081%. Over the whole period it spent 6.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Our Community Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Peninsula Community Foundation of Virginia ($3.6m), Open Door Foundation Inc ($3.6m) and Annunciation Maternity Home Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $50k (22% of expenses). At year end it held assets of $4.8m against liabilities of $1,743, net assets of $4.8m. It reported 1 employees.