Blowing Rock Community Foundation Inc

Analysis

Blowing Rock Community Foundation Inc is a registered charity in United States, based in Blowing Rock, NC. It received its IRS tax-exemption ruling in February 1989, 37 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, Blowing Rock Community Foundation Inc reported income of $97k and spending of $195k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $97k (-69%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Blowing Rock Community Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Central Coast State Veterans Cemetary Non Profit Corporation ($97k), Impact 100 of the Greater Chesapeake Inc ($97k) and United Way of White County Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.