Community Foundation of Grand Forks East Grand Forks and Region

Analysis

Community Foundation of Grand Forks East Grand Forks and Region is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in January 1998, 28 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, Community Foundation of Grand Forks East Grand Forks and Region reported income of $2.7m and spending of $1.7m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.7m (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Grand Forks East Grand Forks and Region sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ND. Charities of a similar size with the same main cause include Access Audio Inc ($2.7m), University of Arkansas Technology Development Foundation ($2.7m) and United Way of Central Missouri Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $94k (5.4% of expenses). Other salaries and wages came to $57k. At year end it held assets of $22.7m against liabilities of $1.2m, net assets of $21.5m. It reported 2 employees.