Western North Carolina Regional Education Foundation

Analysis

Western North Carolina Regional Education Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Western North Carolina Regional Education Foundation reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western North Carolina Regional Education Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Kellogg Community College Foundation ($1.3m), Patterson Library ($1.3m) and United Christian School ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $86k (6.3% of expenses). Other salaries and wages came to $230k. At year end it held assets of $1.5m against liabilities of $16k, net assets of $1.5m. It reported 7 employees.