Walters State Community College Foundation

Analysis

Walters State Community College Foundation is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in November 1975, 51 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, Walters State Community College Foundation reported income of $683k and spending of $1.3m, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $683k (-61%), an average of -21% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walters State Community College Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Acton Academy of Bergen County Inc ($683k), Kerrville Public School Foundation ($683k) and Institute for Strategic Policy Solutions ($683k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $23.6m against liabilities of $1.2m, net assets of $22.5m.