Peninsula Community Foundation

Analysis

Peninsula Community Foundation is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in January 2002, 24 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, Peninsula Community Foundation reported income of $359k and spending of $321k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $359k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peninsula Community Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include John E Fogarty Foundation for Persons with Intellectual and Deve ($359k), HC Red Devils Main Booster Club ($359k) and Mental Health Association in Essex County Holding Corporation ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $295k against liabilities of $183, net assets of $295k.