Rappahannock Community College Educational Foundation Inc

Analysis

Rappahannock Community College Educational Foundation Inc is a registered charity in United States, based in Warsaw, VA. It received its IRS tax-exemption ruling in September 1980, 46 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 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 2024, Rappahannock Community College Educational Foundation Inc reported income of $3.0m and spending of $1.5m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $3.0m (+113%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 190%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rappahannock Community College Educational Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Washington Alliance for Better Schools ($3.0m), Southside Community Land Trust ($3.0m) and Institute for the Advancement of Minority Health ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 0.5% of the total. At year end it held assets of $20.7m against liabilities of $4,357, net assets of $20.7m.