Community Foundation of NC East Inc

Analysis

Community Foundation of NC East Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in October 1999, 27 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 2022, Community Foundation of NC East Inc reported income of $3.9m and spending of $3.6m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.0m to $3.9m (-3.0%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 68% 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 NC East Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Bay Area Community Foundation ($3.9m), Impact Foundation ($3.9m) and San Carlos Educational Foundation ($3.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $142k (4.0% of expenses). Other salaries and wages came to $62k. At year end it held assets of $14.3m against liabilities of $105k, net assets of $14.2m. It reported 3 employees.