Blue Ridge Community College Education Foundation Inc

Analysis

Blue Ridge Community College Education Foundation Inc is a registered charity in United States, based in Flat Rock, NC. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Blue Ridge Community College Education Foundation Inc reported income of $891k and spending of $2.5m, spending 276% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.1m to $891k (-71%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blue Ridge Community College Education Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Eugene Montessori School Inc ($891k), Rancho Bernardo High School Foundation ($891k) and Kentucky Avenue School ($891k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 156% of the total. At year end it held assets of $17.4m against liabilities of $5,371, net assets of $17.4m.