Monmouth-Independence Community Foundation

Analysis

Monmouth-Independence Community Foundation is a registered charity in United States, based in Monmouth, OR. It received its IRS tax-exemption ruling in August 2000, 26 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, Monmouth-Independence Community Foundation reported income of $473k and spending of $89k, leaving 81% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $130k to $473k (+265%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 147%. Over the whole period it spent 29% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Monmouth-Independence Community Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OR. Charities of a similar size with the same main cause include American Friends of Yeshivas Temimei Darech ($473k), Educators Legacy Foundation Inc ($473k) and F T Stent Family Foundation Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.