Philanthropy & Grantmaking
(T11)
990 on File
THE DAVID BELK CANNON FOUNDATION
Financial strength (30%)
74/100
Reliability (20%)
55/100
Effectiveness (25%)
41/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$8.4M
Total Revenue
$10.1M
Total Expenses
$126.2M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
66.1%
Fundraising Efficiency
N/A
Operating Reserve
150.62x
Liability-to-Asset
4.8%
Revenue Diversification
95.8%
Executive Compensation
$352K
Compared with Peers
FY 2024
Compared with 923 similar organizations
(United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
66.1% | 91.7% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
150.6 mo | 70.2 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
4.8% | 2.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.8% | 88.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
133.2% | 17.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
142.3% | 10.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-20.0% | 6.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $8.4M | $10.1M | $126.2M | 66.1% | — |
| 2023 | $3.6M | $4.1M | $122.9M | 142.9% | — |
| 2022 | $1.3M | $5.3M | $112.0M | 118.3% | — |
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