The Carroll Community College Foundation Inc

Analysis

The Carroll Community College Foundation Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in March 1995, 31 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 2023, The Carroll Community College Foundation Inc reported income of $5.0m and spending of $1.2m, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $5.0m (+331%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 165%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Carroll Community College Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Vibrant Minds Charter School ($5.0m), Avenue Scholars ($5.0m) and Cristo Rey Dallas High School Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $23.6m against liabilities of $32k, net assets of $23.5m.