Selfless Foundation Inc

Analysis

Selfless Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Selfless Foundation Inc reported income of $614k and spending of $534k, spending 87% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $470k to $614k (+31%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Selfless Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Re-Vision Inc ($614k), Wright Dunbar Inc ($614k) and Del Mar Foundaion ($613k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $369k. At year end it held assets of $120k against liabilities of $0, net assets of $120k. It reported 26 employees.