Wor-Wic Community College Foundation

Analysis

Wor-Wic Community College Foundation is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wor-Wic Community College Foundation reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 308%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wor-Wic Community College Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Patten Free Library ($1.3m), Kent Schools Foundation ($1.3m) and Alta Public Schools Foundation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $35.4m against liabilities of $99k, net assets of $35.3m.