First Presbyterian Church Foundation

Analysis

First Presbyterian Church Foundation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in September 1997, 29 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, First Presbyterian Church Foundation reported income of $1.1m and spending of $453k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $1.1m (+341%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Presbyterian Church Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Yeshivat Ashreinu Inc ($1.1m), El Capitan Stadium Association Inc ($1.1m) and Holiday Express Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.