Alamance Community Foundation

Analysis

Alamance Community Foundation is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in August 2018, 8 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, Alamance Community Foundation reported income of $4.1m and spending of $1.4m, leaving 65% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $16.5m to $4.1m (-75%), an average of -24% a year. The sharpest change came in the year to December 2019, when income dropped by 88%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alamance Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Arctic Slope Community Foundation ($4.1m), Corey C Griffin Charitable Foundation ($4.1m) and Jewish Federation of Greater New Orleans ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $110k (7.8% of expenses). Other salaries and wages came to $45k. At year end it held assets of $24.3m against liabilities of $6.3m, net assets of $18.0m. It reported 4 employees.