Bainbridge Community Foundation

Analysis

Bainbridge Community Foundation is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in March 2002, 24 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, Bainbridge Community Foundation reported income of $4.2m and spending of $3.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.2m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 231%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bainbridge 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 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Foundation for Students Rising Above ($4.2m), No Stone Unturned Foundation ($4.2m) and Lenawee Community Foundation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $156k (4.3% of expenses). Other salaries and wages came to $352k. At year end it held assets of $25.9m against liabilities of $108k, net assets of $25.8m. It reported 5 employees.