Fontaine Community Foundation Inc

Analysis

Fontaine Community Foundation Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Fontaine Community Foundation Inc reported income of $122k and spending of $72k, leaving 41% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $128k to $122k (-5.0%), an average of -5.0% a year. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fontaine Community Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Legacy of Hope Foundation Inc ($122k), Human Services Chamber of Hamilton County ($122k) and Rotary Club of Grand Rapids- Charities Foundation ($122k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $124k against liabilities of $2,500, net assets of $122k.