Tidewater Community College Educational Foundation Inc

Analysis

Tidewater Community College Educational Foundation Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 December 2023, Tidewater Community College Educational Foundation Inc reported income of $4.3m and spending of $1.7m, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 182%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tidewater Community College Educational Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Childrens Center ($4.3m), Association of School Business Officials International ($4.3m) and Wesley Day Care Center Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $13.3m against liabilities of $197k, net assets of $13.1m.