Thomas Jefferson Community Education Foundation Inc

Analysis

Thomas Jefferson Community Education Foundation Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in July 2006, 20 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thomas Jefferson Community Education Foundation Inc reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thomas Jefferson Community Education Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Hope Through Health Foundation ($1.1m), Regional Opportunity Initiatives Inc ($1.1m) and National School Climate Center ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $26.5m against liabilities of $27.1m, net assets of -$541k.