Central Carolina Community Foundation

Analysis

Central Carolina Community Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1987, 39 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, Central Carolina Community Foundation reported income of $31.8m and spending of $21.2m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $42.8m to $31.8m (-26%), an average of -9.4% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Central Carolina Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Tournaments for Charity ($31.7m), The Lenfest Inst for Journalism Spe Asset Fund of the PHL Foundation ($32.0m) and Giving Back Fund Inc ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $201.1m against liabilities of $21.5m, net assets of $179.5m. It reported 17 employees.