Bridgevalley Community & Technical College Foundation Inc

Analysis

Bridgevalley Community & Technical College Foundation Inc is a registered charity in United States, based in Montgomery, WV. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridgevalley Community & Technical College Foundation Inc reported income of $203k and spending of $138k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $203k (-82%), an average of -35% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridgevalley Community & Technical College Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within WV. Charities of a similar size with the same main cause include Roane County College Scholarship Foundation Inc ($203k), Hot Rodders of Tomorrow Foundation Inc ($203k) and Friends of Richmond Community High School ($203k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $6,000. At year end it held assets of $2.3m against liabilities of $37k, net assets of $2.3m.