The Community Foundation of Western North Carolina Inc
4 Vanderbilt Park Dr Ste 300, Asheville, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $87,667,848 | $67,270,337 | $362,449,330 |
| FY2024 | $25,935,032 | $24,774,631 | $323,208,238 |
| FY2023 | $31,983,295 | $25,282,173 | $304,738,326 |
| FY2022 | $45,512,765 | $25,371,396 | $283,657,042 |
| FY2021 | $38,320,270 | $22,531,614 | $314,808,828 |
| FY2020 | $24,881,423 | $22,536,446 | $248,432,394 |
| FY2019 | $26,077,112 | $20,672,627 | $249,068,534 |
| FY2018 | $38,346,550 | $19,547,509 | $241,003,311 |
| FY2017 | $23,907,124 | $17,373,488 | $217,268,978 |
| FY2016 | $24,832,438 | $17,141,585 | $194,850,497 |
| FY2015 | $40,317,339 | $16,256,724 | $197,049,313 |
| FY2014 | $21,146,839 | $15,376,210 | $177,470,390 |
| FY2013 | $22,176,540 | $11,854,483 | $158,446,907 |
| FY2012 | $26,115,764 | $13,682,166 | $138,006,326 |
Form 990 filings
The returns filed by The Community Foundation of Western North Carolina Inc (EIN 56-1223384), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $70,733,461 | 81% |
| Program service revenue | $746,052 | 1% |
| Other revenue | $16,188,335 | 18% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $64,359,669 | 96% |
| Management & general | $2,220,885 | 3% |
| Fundraising | $689,783 | 1% |
What the numbers show
- Contributions & grants made up 81% of total revenue in FY2025.
- Program services accounted for 96% of functional expenses, management & general 3%, and fundraising 1%.
- 96% of functional expenses went to program services in FY2025. That is higher than 76.9% of 26 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Net assets covered about 64.7 months of expenses at the end of the reporting year. That puts it in the 39th percentile among 1260 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue was higher than 99.7% of 1302 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue rose from $26,115,764 in FY2012 to $87,667,848 in FY2025. Revenue increased in 5 and decreased in 8 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $138,006,326 to $362,449,330 between FY2012 and FY2025.
- Contributions and grants made up 86% of revenue in FY2012 and 81% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1979 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- C D Spangler Foundation Inc — Charlotte, NC · $84,541,335
- William R Kenan Jr Charitable Trust — Chapel Hill, NC · $81,478,601
- New Hanover Community Endowment Inc — Wilmington, NC · $111,652,777
- The United Methodist Retirement Homes Inc — Durham, NC · $113,193,566
- Blanche and Julian Robertson Family Foundation — Salisbury, NC · $51,497,851
- Winston-Salem Foundation — Winston Salem, NC · $46,606,251
- Smith Richardson Foundation Inc — Greensboro, NC · $44,427,804
- Triangle Community Foundation — Durham, NC · $42,545,546
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.