Community Foundation of the Central Blue Ridge

Analysis

Community Foundation of the Central Blue Ridge is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in December 1993, 33 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 the Central Blue Ridge reported income of $3.4m and spending of $4.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $3.4m (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 53% 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 the Central Blue Ridge sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Evergreen Social Impact ($3.4m), Monique Burr Foundation for Children Inc ($3.4m) and United Way of the Big Bend Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $121k (2.9% of expenses). Other salaries and wages came to $284k. At year end it held assets of $45.8m against liabilities of $6.0m, net assets of $39.8m. It reported 5 employees.