North Valley Community Foundation

Analysis

North Valley Community Foundation is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in April 1994, 32 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, North Valley Community Foundation reported income of $10.5m and spending of $18.0m, spending 170% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67.7m to $10.5m (-84%), an average of -37% a year. The sharpest change came in the year to June 2020, when income dropped by 65%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Valley Community Foundation 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 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Hollis Foundation ($10.5m), Urban Triage ($10.5m) and Desert Community Foundation ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $785k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $54.0m against liabilities of $4.2m, net assets of $49.7m. It reported 55 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.