Eastern Shore Community College Foundation

Analysis

Eastern Shore Community College Foundation is a registered charity in United States, based in Melfa, VA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Eastern Shore Community College Foundation reported income of $1.1m and spending of $755k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $868k to $1.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eastern Shore Community College Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Mecked ($1.1m), Equitable Giving Circle ($1.1m) and The Promises Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $128k. At year end it held assets of $5.2m against liabilities of $57k, net assets of $5.1m.