Virginia Highlands Community College Educational Foundation Inc

Analysis

Virginia Highlands Community College Educational Foundation Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in August 1981, 45 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 2024, Virginia Highlands Community College Educational Foundation Inc reported income of $3.8m and spending of $424k, leaving 89% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $3.8m (+254%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 163%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Highlands Community College Educational Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Phelps School ($3.8m), Association of Schools and Colleges of Optometry Inc ($3.8m) and Sisulu Childrens Academy-Harlem Charter Public School ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $11.5m against liabilities of $132k, net assets of $11.4m.