Community Foundation of Henderson County Inc

Analysis

Community Foundation of Henderson County Inc is a registered charity in United States, based in Hendersonville, NC. It received its IRS tax-exemption ruling in September 1982, 44 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, Community Foundation of Henderson County Inc reported income of $20.0m and spending of $6.7m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.8m to $20.0m (+192%), an average of +31% a year. The sharpest change came in the year to June 2024, when income rose by 92%. Over the whole period it spent 56% 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 Henderson County Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Jewish Community Foundation of Greater Kansas City ($20.0m), United Way of South Central Mi ($20.0m) and Opportunity Village Foundation ($19.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $382k (5.7% of expenses). Other salaries and wages came to $308k. At year end it held assets of $147.4m against liabilities of $1.4m, net assets of $146.1m. It reported 12 employees.