Community Foundation of Burke County

Analysis

Community Foundation of Burke County is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in January 2000, 26 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 Burke County reported income of $6.2m and spending of $2.8m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $6.2m (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 414%. Over the whole period it spent 32% 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 Burke County sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Ohio Masonic Home Benevolent Endowment Foundation Inc ($6.2m), United Way of San Diego County ($6.2m) and Wisconsin Regional Training Partnership Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $222k (7.9% of expenses). Other salaries and wages came to $56k. At year end it held assets of $42.8m against liabilities of $81k, net assets of $42.7m. It reported 4 employees.