Roanoke Higher Education Center Foundation

Analysis

Roanoke Higher Education Center Foundation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Roanoke Higher Education Center Foundation reported income of $167k and spending of $168k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $28k to $167k (+505%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 521%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roanoke Higher Education Center Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Hessed World Mission Center Inc ($167k), Foster Youth Education Fund ($167k) and Great Plains Association for College Admission Counseling Inc ($167k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $308k against liabilities of $4,861, net assets of $303k.