Pitt Community College Foundation Inc

Analysis

Pitt Community College Foundation Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, Pitt Community College Foundation Inc reported income of $1.9m and spending of $5.6m, spending 290% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pitt Community College Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Philadelphia Youth Orchestra ($1.9m), Boys & Girls Clubs of Oakland Inc ($1.9m) and Jewish Social Services of Madison Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $7.8m against liabilities of $105k, net assets of $7.7m.