Blue Ridge Community College Educational Foundation Inc

Analysis

Blue Ridge Community College Educational Foundation Inc is a registered charity in United States, based in Weyers Cave, VA. It received its IRS tax-exemption ruling in November 1987, 39 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 June 2024, Blue Ridge Community College Educational Foundation Inc reported income of $2.0m and spending of $1.4m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue Ridge Community College Educational Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Prairie Council on Aging ($2.0m), Crossroads Safehouse & Services Inc ($2.0m) and Spencer Theater for the Performing Arts Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% of the total. At year end it held assets of $19.7m against liabilities of $60k, net assets of $19.6m.