Salem Community College Foundation

Analysis

Salem Community College Foundation is a registered charity in United States, based in Carneys Point, NJ. It received its IRS tax-exemption ruling in January 1975, 51 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 2024, Salem Community College Foundation reported income of $474k and spending of $455k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $407k to $474k (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salem Community College Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Cedar Park High School Band Boosters ($473k), Houseccon ($474k) and Potter-Tioga County Library System ($473k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $66k. At year end it held assets of $3.3m against liabilities of $5,424, net assets of $3.3m. It reported 2 employees.