Greater Lynchburg Community Foundation

Analysis

Greater Lynchburg Community Foundation is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in April 1973, 53 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, Greater Lynchburg Community Foundation reported income of $5.0m and spending of $3.1m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $5.0m (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Lynchburg Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Catholic Foundation of South Louisiana ($5.0m), Well-Spring Services Inc ($5.0m) and Community Clinics at MRH ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $121k (3.9% of expenses). Other salaries and wages came to $146k. At year end it held assets of $67.6m against liabilities of $9.3m, net assets of $58.3m. It reported 4 employees.