Cone Health Philanthropic Foundation
EIN: 581681560 · Greensboro, NC
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $423K |
| Net Assets | $7.0M |
Is Cone Health Philanthropic Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cone Health Philanthropic Foundation
Cone Health Philanthropic Foundation (EIN: 581681560) is a nonprofit organization based in Greensboro, NC. The organization reported total revenue of $3.9M and total assets of $43.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cone Health Philanthropic Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cone Health Philanthropic Foundation is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $372K |
| Total Expenses | $423K |
| Surplus / Deficit | $-50,936 |
| Total Assets | $7.7M |
| Total Liabilities | $731K |
| Net Assets | $7.0M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 219.0 months |
Financial Health Grade: B
In 2023, Cone Health Philanthropic Foundation reported a deficit of $51K with expenses exceeding revenue, holds 219.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cone Health Philanthropic Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.7% | -38.4% | +9.8% |
| 2022 | -62.1% | -26.9% | -8.0% |
| 2021 | +57.0% | +6.3% | +28.0% |
| 2020 | -8.9% | -3.5% | +17.9% |
| 2019 | +26.9% | -7.6% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cone Health Philanthropic Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cone Health Philanthropic Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.5%.
Frequently Asked Questions about Cone Health Philanthropic Foundation
Is Cone Health Philanthropic Foundation a legitimate charity?
Cone Health Philanthropic Foundation (EIN: 581681560) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. No red flags identified. Financial health grade: B.
How does Cone Health Philanthropic Foundation spend its money?
Cone Health Philanthropic Foundation reported $3.9M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cone Health Philanthropic Foundation tax-deductible?
Cone Health Philanthropic Foundation is registered as a tax-exempt nonprofit (EIN: 581681560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cone Health Philanthropic Foundation located?
Cone Health Philanthropic Foundation is headquartered in Greensboro, North Carolina and files with the IRS under EIN 581681560.
How many years of IRS 990 filings does Cone Health Philanthropic Foundation have?
Cone Health Philanthropic Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.9M in total revenue.
Filing History
IRS 990 filing history for Cone Health Philanthropic Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cone Health Philanthropic Foundation's revenue has declined by 26%, moving from $502K to $372K. Total assets increased by 553.6% over the same period, from $1.2M to $7.7M. Total functional expenses fell by 0.4%, from $424K to $423K. In its most recent filing year (2023), Cone Health Philanthropic Foundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $731K in liabilities against $7.7M in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $372K | $423K | $7.7M | $731K | — | — |
| 2022 | $858K | $686K | $7.0M | $522K | — | View 990 |
| 2021 | $2.3M | $938K | $7.6M | $341K | — | — |
| 2020 | $1.4M | $882K | $6.0M | $401K | — | — |
| 2019 | $1.6M | $914K | $5.1M | $148K | — | View 990 |
| 2018 | $1.2M | $989K | $5.2M | $529K | — | View 990 |
| 2017 | $1.0M | $579K | $4.7M | $383K | — | View 990 |
| 2016 | $564K | $468K | $4.3M | $223K | — | View 990 |
| 2015 | $1.7M | $1.3M | $4.6M | $505K | — | View 990 |
| 2014 | $699K | $467K | $5.4M | $57K | — | View 990 |
| 2013 | $594K | $275K | $2.5M | $27K | — | View 990 |
| 2012 | $603K | $445K | $1.4M | $86K | — | View 990 |
| 2011 | $502K | $424K | $1.2M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $372K, expenses of $423K, and assets of $7.7M (revenue -56.7% year-over-year).
- 2022: Revenue of $858K, expenses of $686K, and assets of $7.0M (revenue -62.1% year-over-year).
- 2021: Revenue of $2.3M, expenses of $938K, and assets of $7.6M (revenue +57.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $882K, and assets of $6.0M (revenue -8.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $914K, and assets of $5.1M (revenue +26.9% year-over-year).
- 2018: Revenue of $1.2M, expenses of $989K, and assets of $5.2M (revenue +23.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $579K, and assets of $4.7M (revenue +78.6% year-over-year).
- 2016: Revenue of $564K, expenses of $468K, and assets of $4.3M (revenue -66.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.3M, and assets of $4.6M (revenue +139.1% year-over-year).
- 2014: Revenue of $699K, expenses of $467K, and assets of $5.4M (revenue +17.6% year-over-year).
- 2013: Revenue of $594K, expenses of $275K, and assets of $2.5M (revenue -1.6% year-over-year).
- 2012: Revenue of $603K, expenses of $445K, and assets of $1.4M (revenue +20.1% year-over-year).
- 2011: Revenue of $502K, expenses of $424K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cone Health Philanthropic Foundation:
Data Sources and Methodology
This transparency report for Cone Health Philanthropic Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.