Gaston College Foundation Inc

Analysis

Gaston College Foundation Inc is a registered charity in United States, based in Dallas, NC. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gaston College Foundation Inc reported income of $1.6m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 211%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gaston College Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include West Virginia Women Work Inc ($1.6m), Preston Taylor Ministries ($1.6m) and Liberty Christian Academy ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $12.3m against liabilities of $6,292, net assets of $12.3m.