Downtown Winston-salem Foundation
Only null% goes to programs Strong reserves Growing revenue
Downtown Winston-salem Foundation is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 1998, with $92,355 in FY2024 revenue. CharityIndex grades it C+.
515 N Cherry St, Winston Salem, NC, 27101 EIN 56-1945804 Since 1998
Revenue (FY2024)
$92K
▲ 157.2% vs prior year
Community median: $184K
Expenses (FY2024)
$97K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Downtown Winston-salem Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating200 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Downtown Winston-salem Foundation: 200 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Downtown Winston-salem Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Downtown Winston-salem Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 515 N Cherry St, Winston Salem, NC, 27101
- City
- Winston Salem
- State
- North Carolina
- Subcategory
- Economic Development
Financial trends
Revenue grew from $41K (FY2013) to $92K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9,000Net assets $1.6M
Operating margin
-5.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$9,000
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $92,355▲157% | $97,293▲19.8% | $1,624,748▼0.3% | $1,633,748▼0.5% | 990 |
| 2023 | $35,907▼90.7% | $81,184▼62.5% | $1,629,686▼2.8% | $1,641,686▼2.1% | 990 |
| 2022 | $387,806▲510% | $216,671▼47.2% | $1,676,463▲11.4% | $1,676,463▲11.4% | 990 |
| 2021 | $63,556▼87.5% | $410,657▲580% | $1,505,328▼18.7% | $1,505,328▼18.7% | 990 |
| 2020 | $509,811▲1754% | $60,370▼33.5% | $1,852,429▲32.0% | $1,852,429▲32.0% | 990 |
| 2019 | $27,501▼15.0% | $90,735▲20.2% | $1,402,988▼4.3% | $1,402,988▼4.3% | 990 |
| 2018 | $32,337▲43.7% | $75,498▲12.3% | $1,466,222▼2.9% | $1,466,222▼3.1% | 990 |
| 2017 | $22,500▼65.5% | $67,213▼36.8% | $1,509,383▼2.9% | $1,512,483▼2.9% | 990 |
| 2016 | $65,152▲9.9% | $106,332▲70.7% | $1,554,096▼2.6% | $1,557,191▼2.4% | 990 |
| 2015 | $59,307▲43.4% | $62,298▲107% | $1,595,276▼2.3% | $1,595,276▼3.1% | 990 |
| 2013 | $41,360 | $30,162▼72.5% | $1,633,013 | $1,646,420▲0.8% | 990 |
| 2012 | — | $109,878▲71.9% | $1,633,180▲37.1% | $1,633,180▲27.2% | 990 |
| 2011 | — | $63,919 | $1,191,413 | $1,283,520 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $91K total
5 grants to Downtown Winston-salem Foundation totaling $91K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $54,897 |
| Winston-salem Foundation | 6 grant(s) for varying purposes | 2022 | $17,850 |
| Network For Good Inc | Unrestricted | 2017 | $5,636 |
| Network For Good Inc | Unrestricted | 2016 | $5,112 |
| Network For Good Inc | Unrestricted | 2015 | $7,706 |
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Frequently asked questions
- Is Downtown Winston-salem Foundation a legitimate nonprofit?
- Yes. Downtown Winston-salem Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1945804, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Downtown Winston-salem Foundation's EIN?
- Downtown Winston-salem Foundation's Employer Identification Number (EIN) is 56-1945804.
- How much revenue does Downtown Winston-salem Foundation report?
- Downtown Winston-salem Foundation reported $92,355 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Downtown Winston-salem Foundation have?
- CharityIndex grades Downtown Winston-salem Foundation C+, based on financial health (reserves and operating margin).
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Data for Downtown Winston-salem Foundation (EIN 56-1945804) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.