Western Piedmont Foundation Inc

Analysis

Western Piedmont Foundation Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in December 1986, 40 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 2024, Western Piedmont Foundation Inc reported income of $524k and spending of $197k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $257k to $524k (+104%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 288%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Piedmont Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Gifts for Seniors ($524k), Lake Norman Little League Inc ($524k) and Arrow Education Foundation Inc ($524k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.