Downtown Greensboro Foundation

Analysis

Downtown Greensboro Foundation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown Greensboro Foundation reported income of $1.1m and spending of $554k, leaving 48% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $535k to $1.1m (+99%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Greensboro Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Opera Idaho Inc ($1.1m), National Council of Nigerian Muslims in the USA ($1.1m) and NVGM Exploratory ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $983k against liabilities of $242k, net assets of $742k.