Slightly fewer than half of all community foundations in the sample ended FY23 with an operating surplus, after two straight years in which two-thirds of the sample carried a surplus at year-end. Typically, administrative fees will be supplemented by other sources of revenue to support operations, with unrestricted dollars covering any remaining shortfall, though this will impact the ability of the community foundation to make or deepen an investment in efforts of community leadership and other mission-aligned initiatives.

The categories in the chart below are calculated as revenues divided by expenses: Significant surplus >125%; Modest surplus = 105%-124%; Breakeven = 95%-104%; Modest subsidy = 75%-94%; Significant subsidy <75% (n=188)