Western North Carolina Real Estate Foundation Inc

Analysis

Western North Carolina Real Estate Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 2008, 18 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Western North Carolina Real Estate Foundation Inc reported income of $291k and spending of $2,742, leaving 99% of income unspent that year. The sharpest change came in the year to June 2021, when income rose by 3676%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Western North Carolina Real Estate Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Golden Valley Bank Communityfoundation ($291k), Eaglebank Foundation Inc ($291k) and Island Country Club Charitable Foundation Inc ($291k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k.