Twin County Community Foundation

Tax-deductible

Galax, VA501(c)(3)HospitalsEIN 54-1593923Revenue $706K in FY2025

On file with the IRStwincountycommunityfoundation.orgPo Box 1131, 24333-1131 · Galax, VATax-exempt since Sep 1991Private non-operating foundation

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To improve healthcare in carroll and grayson counties and the city of galax, virginia.

501(c)(3) charity; gifts are tax-deductible.
Run by 14 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $218K a year · 53% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$706K
+68% vs prior year
Spent
$752K
Net assets
$11.3M
By yearFY2020–FY2025
Revenue
$706K
FY2025▲ +68%
Tap a bar for its year
Revenue by fiscal year
FY2020$839K
FY2021$262K
FY2022$291K
FY2023−$66K
FY2024$421K
FY2025$706K
Expenses
$752K
FY2025▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$425K
FY2021$446K
FY2022$725K
FY2023$779K
FY2024$633K
FY2025$752K
Net assets
$11.3M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.9M
FY2021$12.4M
FY2022$9.6M
FY2023$9.7M
FY2024$10.9M
FY2025$11.3M

From the FY2025 Form 990 (year ending September 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 77% · $579K Operating & administrative 23% · $173K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Twin County Community Foundation executive salaries →

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Programs and updates

Improves healthcare access and quality in Carroll, Grayson, and Galax, Virginia.

Questions for Twin County Community Foundation

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Provided by the organization

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1 program · $355K · in their own filed words · FY2019
01

To improve healthcare in carroll and grayson counties and the city of galax, virginia.

$355Kprogram expense

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 28 grants · $579K · 2024–2024
Wytheville Community CollegeFY2024$221,000
Ohlen Wilson Health ClinicFY2024$52,000
Tri Area Community HealthVA · FY2024$40,000
Bland Ministry DentalFY2024$33,400
Individual RecipientFY2024$25,000
God's Storehouse INCKS · FY2024$24,000
Swva Crossroads CoalitionFY2024$23,000
Grayson Landcare INCFY2024$18,000
Rooftop of VirginiaFY2024$16,735
Willing Partners INCVA · FY2024$10,000
Town of HillsvilleFY2024$10,000
Grayson County Summer StageVA · FY2024$9,500
Individual RecipientFY2024$7,800
Mt Rogers Health DistrictFY2024$7,000
City of GalaxFY2024$5,000
See all 28 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV9
Average grantPart XV$21K
Median grantPart XV$10K
Largest grantPart XV$221K
Top cause focusNTEEHuman Services (11%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$706K
Investment income$674K
Gifts and grants$32K
Money out
$752K
Grants paid$579K
Running costs$173K
Owns and owes
$11.3M
net assets
Cash and savings$727K
Total assets$11.3M
Liabilities$14K
People
15
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$32K
Investment income$674K
Total revenue$706K
Assets in detailEnd of year
Cash and savings together$727K
Total assets$11.3M
Liabilities$14K
Net assets$11.3M
Operations
Employees1
Volunteers14
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $706K$752K−$46K$11.3M 990 PDF
FY2024 $421K$633K−$212K$10.9M 990 PDF
FY2023 −$66K$779K−$845K$9.7M 990 PDF
FY2022 $291K$725K−$434K$9.6M 990 PDF
FY2021 $262K$446K−$184K$12.4M 990 PDF
FY2020 $839K$425K$413K$10.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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