There was a slight decrease in the number of respondents who reported operating expenses in excess of revenues; 26 percent, down from 28 percent in FY17.

Gaps between revenues and expenses are typically covered by unrestricted funds, though this has an effect on the flexibility of a community foundation’s business model, including their ability to invest in foundation-operated initiatives and leadership.

Averages were used to total 100%. (n=240)

Significant subsidy Modest subsidy Breakeven Modest surplus Significant surplus
7% 11% 31% 37% 15%