Northwest North Carolina Community Foundation

Analysis

Northwest North Carolina Community Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2006, 20 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwest North Carolina Community Foundation reported income of $6.1m and spending of $3.6m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $6.1m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northwest North Carolina Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include The Center for Cultural Power ($6.1m), Jack Goldstein Charitable Trust ($6.1m) and A J Fletcher Foundation ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $75.7m against liabilities of $78k, net assets of $75.6m.