Western Carolina University Foundation

Analysis

Western Carolina University Foundation is a registered charity in United States, based in Cullowhee, NC. It received its IRS tax-exemption ruling in January 1972, 54 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, Western Carolina University Foundation reported income of $8.3m and spending of $5.7m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.8m to $8.3m (+7.6%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Carolina University Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Sugar Bowl Ski Team & Academy ($8.3m), Midland School Corporation ($8.3m) and Vision Academy Charter School ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 0.2% of the total. Other salaries and wages came to $26k. At year end it held assets of $78.0m against liabilities of $78k, net assets of $77.9m. It reported 7 employees.