Benton Community Foundation

Analysis

Benton Community Foundation is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in December 1957, 69 years ago. 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, Benton Community Foundation reported income of $3.7m and spending of $2.5m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $3.7m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benton Community Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Community Action of Ventura County ($3.7m), Fresh Start Surgical Gifts ($3.7m) and Align Life Ministries ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $131k (5.3% of expenses). Other salaries and wages came to $264k. At year end it held assets of $34.9m against liabilities of $4.2m, net assets of $30.8m. It reported 7 employees.