High Point Community Foundation

Analysis

High Point Community Foundation is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in February 1991, 35 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, High Point Community Foundation reported income of $11.1m and spending of $6.6m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.0m to $11.1m (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, High Point Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include John G Kenedy Jr Charitable TR -Surface Estate TR ($11.0m), Waukesha County Community Foundation Inc ($11.2m) and Community Foundation of Central Georgia Inc ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $301k (4.6% of expenses). Other salaries and wages came to $214k. At year end it held assets of $106.4m against liabilities of $5.8m, net assets of $100.6m. It reported 5 employees.