University of North Carolina at Asheville Foundation Inc

Analysis

University of North Carolina at Asheville Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 1970, 56 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 June 2023, University of North Carolina at Asheville Foundation Inc reported income of $9.5m and spending of $7.2m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $9.5m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of North Carolina at Asheville Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Concord Consortium Inc ($9.5m), Path School Inc ($9.5m) and Bonnie Cone Classical Academy Inc ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $62.9m against liabilities of $5.3m, net assets of $57.5m.