The Community Foundation of the Dan River Region

Analysis

The Community Foundation of the Dan River Region is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2024, The Community Foundation of the Dan River Region reported income of $13.5m and spending of $2.4m, leaving 82% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $13.5m (+645%), an average of +49% a year. The sharpest change came in the year to June 2024, when income rose by 381%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation of the Dan River Region sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include The Community Foundation of Harrisonburg and Rockingham County ($13.5m), Ozark Empire Fair Foundation ($13.5m) and Ovarian Cancer Research Fund Inc ($13.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $85k (3.6% of expenses). Other salaries and wages came to $132k. At year end it held assets of $65.8m against liabilities of $640k, net assets of $65.2m. It reported 4 employees.