Cumberland Community Foundation Inc

Analysis

Cumberland Community Foundation Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in September 1980, 46 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 2024, Cumberland Community Foundation Inc reported income of $12.5m and spending of $8.7m, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $16.4m to $12.5m (-24%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cumberland Community Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Community Foundation for Southwest Washington ($12.4m), CNM Ingenuity Incoproration ($12.5m) and Scott & White Healthcare ($12.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $718k (8.2% of expenses). At year end it held assets of $134.5m against liabilities of $14.5m, net assets of $120.1m. It reported 9 employees.