Foundation for the Carolinas

Charlotte, North Carolina

B+Health Score
68B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 200 peers in Philanthropy, Voluntarism & Grantmaking with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org5.84×
Peer Median8.04×
💰
$538.0M
Total Revenue
📊
$582.5M
Total Expenses
🏦
$3.4B
Net Assets
📋
$92.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-43.6%
Year-over-year change (2022 → 2023)
Net Margin
-8.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
5.84
Net assets divided by total expenses
Liabilities-to-Assets
2.6%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2023$538,046,45344%$582,472,14941%$3,492,760,14414%
2022$953,517,84924%$414,316,70629%$3,064,138,8295%
2021$770,296,52840%$584,919,70419%$2,909,768,32621%
2020$548,689,88089%$489,891,26739%$2,397,054,28115%
2019$289,696,94236%$351,759,7638%$2,093,030,62514%
2018$449,681,15532%$325,310,19425%$1,828,291,6454%
2017$662,474,20549%$435,449,74033%$1,905,766,21026%
2016$445,365,81216%$326,772,08110%$1,516,178,32818%
2015$382,454,79844%$297,876,97516%$1,289,000,447
2014$684,331,159116%$354,254,64481%$1,290,153,53842%
2013$317,091,14447%$195,600,47512%$908,090,73229%
2012$215,832,20446%$175,159,25521%$705,548,82816%
2011$148,316,17724%$144,935,5485%$608,372,2462%
2010$196,030,092$138,113,578$619,418,694

Frequently Asked Questions

What does Foundation for the Carolinas do?

Foundation for the Carolinas is a philanthropy, voluntarism & grantmaking nonprofit organization based in North Carolina. It is classified under NTEE code T310 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Foundation for the Carolinas financially healthy?

Based on our 9-metric Financial Health Score model, Foundation for the Carolinas has a score of 68/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Foundation for the Carolinas generate?

Foundation for the Carolinas reports $761.4M in annual revenue and holds $3.9B in total assets, based on IRS filings.

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