Philomath Community Foundation

Analysis

Philomath Community Foundation is a registered charity in United States, based in Philomath, OR. It received its IRS tax-exemption ruling in January 1992, 34 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, Philomath Community Foundation reported income of $105k and spending of $187k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $121k to $105k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philomath Community Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OR. Charities of a similar size with the same main cause include Sertoma Inc ($104k), Central Indiana Power Community Trust Inc ($105k) and Foundation for Random Acts of Kindness Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.2m against liabilities of $347k, net assets of $902k.