Community Foundation of Greenville Inc

Analysis

Community Foundation of Greenville Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 1971, 55 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 Greenville Inc reported income of $29.8m and spending of $33.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.7m to $29.8m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 77% 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 Greenville Inc 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 98th percentile within SC. Charities of a similar size with the same main cause include The Rosser Foundation a Pure Charitable Trust and Public Charit ($29.8m), Community Foundation of the Chattahoochee Valley Inc ($29.9m) and Greater Green Bay Community Foundation Inc ($29.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $406k (1.2% of expenses). Other salaries and wages came to $375k. At year end it held assets of $105.6m against liabilities of $11.3m, net assets of $94.2m. It reported 7 employees.