High Point Downtown Stadium Foundation

Analysis

High Point Downtown Stadium Foundation is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in June 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, High Point Downtown Stadium Foundation reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $687k to $2.1m (+212%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, High Point Downtown Stadium Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Angels Unaware ($2.1m), Grow ($2.1m) and RFSW Endowment Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $144k (6.2% of expenses). Other salaries and wages came to $562k. At year end it held assets of $1.0m against liabilities of $466k, net assets of $566k. It reported 114 employees.