Danville Community College Educational Foundation Inc

Analysis

Danville Community College Educational Foundation Inc is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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, Danville Community College Educational Foundation Inc reported income of $769k and spending of $1.1m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $769k (-53%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danville Community College Educational Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Greene County Child Care Association Inc ($769k), Future Farmers of America State ($769k) and Pike County Public Library Inc ($769k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $14.8m against liabilities of $75k, net assets of $14.8m.