Tidewater Community College Real Estate Foundation Inc

Analysis

Tidewater Community College Real Estate Foundation Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tidewater Community College Real Estate Foundation Inc reported income of $1.8m and spending of $1.0m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $710k to $1.8m (+148%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 677%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tidewater Community College Real Estate Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Victory Christian Academy ($1.8m), Literacy Network Inc ($1.8m) and New York State Association of Black Puerto Rican Hispanic & Asian Legi ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 33% of the total. At year end it held assets of $23.1m against liabilities of $10.5m, net assets of $12.6m.