Cone Health Philanthropic Foundation

Analysis

Cone Health Philanthropic Foundation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 September 2023, Cone Health Philanthropic Foundation reported income of $372k and spending of $423k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $372k (-76%), an average of -30% a year. The sharpest change came in the year to September 2022, when income dropped by 62%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cone Health Philanthropic Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Little Explorers Montessori School ($372k), Schlarman Foundation Inc ($372k) and U City in Bloom ($372k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $7.7m against liabilities of $731k, net assets of $7.0m. It reported 2 employees.