DOGWOOD HEALTH TRUST
890 HENDERSONVILLE RD STE 300, ASHEVILLE, NC · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $265,852,884 | $106,185,084 | $1,831,339,092 |
| FY2022 | -$284,500,868 | $90,019,128 | $1,672,841,636 |
| FY2021 | $482,449,968 | $120,833,966 | $1,609,105,585 |
| FY2020 | $630,200,598 | $44,140,780 | $1,370,593,442 |
| FY2019 | $1,075,157,088 | $7,685,076 | $1,046,640,732 |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $89,889,021 |
| FY2022 | $74,324,380 |
| FY2021 | $102,700,442 |
| FY2020 | $27,018,648 |
| FY2019 | $0 |
What the numbers show
- Net assets covered about 207 months of expenses at the end of the reporting year. That puts it in the 79th percentile among 1261 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue was higher than 99.9% of 1303 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue fell from $1,075,157,088 in FY2019 to $265,852,884 in FY2023, Revenue increased in 1 and decreased in 3 of 4 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 5 reported years (FY2022).
- The highest revenue on record here is $1,075,157,088 in FY2019.
- Net assets grew from $1,046,640,732 to $1,831,339,092 between FY2019 and FY2023.
- Contributions and grants made up 98% of revenue in FY2019 and 0% in FY2023.
- Donations are generally tax-deductible (private foundation).
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.
IRS status
| Ruling year | 2019 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | T20 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (private foundation). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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.
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