Foundation of the Caldwell Community College and Technical

Analysis

Foundation of the Caldwell Community College and Technical is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in July 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Foundation of the Caldwell Community College and Technical reported income of $8.9m and spending of $1.0m, leaving 88% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $8.9m (+500%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 574%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation of the Caldwell Community College and Technical sits at the 95th percentile: it is larger than about 95% 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 Soi Dog ($8.8m), The Community Foundation of Louisville Corporate Depository in ($8.9m) and Community Foundation of Southern Wisconsin Inc ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. At year end it held assets of $28.9m against liabilities of $0, net assets of $28.9m.