Winston-Salem Foundation
751 W 4th St Ste 200, Winston Salem, NC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $46,606,251 | $100,460,896 | $629,294,821 |
| FY2023 | $73,014,325 | $91,071,721 | $639,660,769 |
| FY2022 | $62,200,081 | $84,263,784 | $626,257,413 |
| FY2021 | $216,140,511 | $86,589,942 | $740,000,876 |
| FY2020 | $114,585,898 | $131,728,306 | $584,714,264 |
| FY2019 | $52,612,576 | $65,320,482 | $562,224,538 |
| FY2018 | $56,379,865 | $63,714,388 | $528,661,902 |
| FY2017 | $166,801,755 | $51,558,989 | $559,824,784 |
| FY2016 | $96,586,447 | $43,190,146 | $411,322,410 |
| FY2015 | $44,385,338 | $30,943,885 | $347,204,484 |
| FY2014 | $42,782,487 | $28,799,252 | $342,001,894 |
| FY2013 | $46,111,792 | $24,811,310 | $319,089,840 |
| FY2012 | $32,878,778 | $24,089,546 | $270,530,809 |
| FY2011 | $46,345,768 | $23,941,849 | $239,947,720 |
Form 990 filings
The returns filed by Winston-Salem Foundation (EIN 56-6037615), 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 | $27,479,686 | 59% |
| Program service revenue | $54,570 | <1% |
| Other revenue | $19,071,995 | 41% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $94,432,345 | 94% |
| Management & general | $4,980,070 | 5% |
| Fundraising | $1,048,481 | 1% |
What the numbers show
- Contributions & grants made up 59% of total revenue in FY2024.
- Program services accounted for 94% of functional expenses, management & general 5%, and fundraising 1%.
- 94% of functional expenses went to program services in FY2024. That is higher than 61.5% of 26 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Net assets covered about 75.2 months of expenses at the end of the reporting year. That puts it in the 42nd percentile among 1260 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue was higher than 99.2% of 1302 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue rose from $46,345,768 in FY2011 to $46,606,251 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024).
- The highest revenue on record here is $216,140,511 in FY2021.
- Net assets grew from $239,947,720 to $629,294,821 between FY2011 and FY2024.
- Contributions and grants made up 78% of revenue in FY2011 and 59% in FY2024.
- 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
Community Foundation (see P.2, Form 990, Part III for additional information)
IRS status
| Ruling year | 1946 |
| 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
- Smith Richardson Foundation Inc — Greensboro, NC · $44,427,804
- Triangle Community Foundation — Durham, NC · $42,545,546
- Blanche and Julian Robertson Family Foundation — Salisbury, NC · $51,497,851
- The Eddie and Jo Allison Smith Family Foundation Inc — Greenville, NC · $30,986,328
- Anonymous Trust — Raleigh, NC · $30,587,157
- The Ezrah Charitable Trust — Charlotte, NC · $29,342,147
- Burroughs Wellcome Fund — Rtp, NC · $28,040,204
- Z Smith Reynolds Foundation Inc — Winston Salem, NC · $25,216,380
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.