High Point Convention & Visitors Bureau Foundation Inc

Analysis

High Point Convention & Visitors Bureau Foundation Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, High Point Convention & Visitors Bureau Foundation Inc reported income of $83k and spending of $11k, leaving 87% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $549k to $83k (-85%), an average of -47% a year. The sharpest change came in the year to June 2021, when income dropped by 92%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, High Point Convention & Visitors Bureau Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Bringing It Home to Oz Inc ($83k), Bloomer Community Visitor Center Inc ($83k) and North American Menengage Network Namen Inc ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $502k against liabilities of $0, net assets of $502k.