Celebrate Great Falls Foundation

Analysis

Celebrate Great Falls Foundation is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Celebrate Great Falls Foundation reported income of $275k and spending of $217k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $194k to $275k (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Celebrate Great Falls Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Ed Nebbins Foundation ($275k), Scarsdale Foundation ($275k) and 312 Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 79% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.