The Community Foundation of Harrisonburg and Rockingham County

Analysis

The Community Foundation of Harrisonburg and Rockingham County is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in February 2000, 26 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 2023, The Community Foundation of Harrisonburg and Rockingham County reported income of $13.5m and spending of $8.5m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $13.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 190%. Over the whole period it spent 60% 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 Harrisonburg and Rockingham County 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 Ovarian Cancer Research Fund Inc ($13.4m), The Community Foundation of the Dan River Region ($13.5m) and East Lake Foundation Inc ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $133k (1.6% of expenses). Other salaries and wages came to $349k. At year end it held assets of $75.5m against liabilities of $8.0m, net assets of $67.5m. It reported 6 employees.