Community Foundation of Greater Greensboro Inc

Analysis

Community Foundation of Greater Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 1984, 42 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 December 2023, Community Foundation of Greater Greensboro Inc reported income of $15.4m and spending of $20.4m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.3m to $15.4m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 263%. Over the whole period it spent 73% 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 Greater Greensboro Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Sandler Foundation ($15.4m), Mission Metroplex Inc ($15.5m) and Commonheart Inc ($15.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $474k (2.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $260.1m against liabilities of $36.3m, net assets of $223.8m. It reported 28 employees.