Wilkes Community College Foundation Inc

Analysis

Wilkes Community College Foundation Inc is a registered charity in United States, based in Wilkesboro, NC. It received its IRS tax-exemption ruling in December 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wilkes Community College Foundation Inc reported income of $4.6m and spending of $3.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $4.6m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilkes Community College Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Constellation Schools Old Brooklyn Community Elementary ($4.6m), Jewish Tuition Organization ($4.6m) and Folds of Honor Foundation ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $13.5m against liabilities of $289k, net assets of $13.3m. It reported 216 employees.