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North Carolina · Nonprofit
FOURTH SECTOR GROUP INC (North Carolina) is funded by 5 grantmakers whose IRS filings report $615,000 in grants to it, the largest being THE WILLIAM & FLORA HEWLETT FOUNDATION ($275,000). 2 of them have funded it in more than one year.
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude.
$15k from 1 funders in 2024, up from $225k and 3 in 2022.
2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 27% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FOURTH SECTOR GROUP INC’s funders (the co-funder graph). Association, not causation.
FOURTH SECTOR GROUP INC leans on a few funders — its largest provides 45% of grant income and the top three 93%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2022 44% · 2023 47% · 2024 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
FOURTH SECTOR GROUP INC draws 100% of its grant income from funders outside North Carolina — its reputation reaches beyond the state, across 3 states in all.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Read directly from this organization’s own Form 990, as neutral context.
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2019 (financials across 2018–2018), and the filings of 5funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing