Big Rock Foundation Inc

Analysis

Big Rock Foundation Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in October 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 October 2023, Big Rock Foundation Inc reported income of $1.5m and spending of $284k, leaving 81% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $545k to $1.5m (+179%), an average of +29% a year. The sharpest change came in the year to October 2022, when income rose by 1456%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Big Rock Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Ohio County Community Foundation Inc ($1.5m), Mecca Center Endowment Fund ($1.5m) and Friends of the Verde River ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $64k. At year end it held assets of $5.6m against liabilities of $90k, net assets of $5.5m. It reported 1 employees.