The Temagami Community Foundation

Analysis

The Temagami Community Foundation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in March 2003, 23 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).

In the financial year ending December 2023, The Temagami Community Foundation reported income of $333k and spending of $260k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $333k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Temagami Community Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile. Charities of a similar size with the same main cause include Springboardnext Inc ($333k), Merrill Area United Way Inc ($333k) and The David Maus Foundation Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $11k. At year end it held assets of $831k against liabilities of $7,206, net assets of $824k. It reported 5 employees.