New River Community and Technical College Foundation Inc

Analysis

New River Community and Technical College Foundation Inc is a registered charity in United States, based in Beaver, WV. It received its IRS tax-exemption ruling in February 1994, 32 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, New River Community and Technical College Foundation Inc reported income of $447k and spending of $187k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $269k to $447k (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New River Community and Technical College Foundation Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Honor Flight Rochester Inc ($447k), New Mt Sinai Cemetery Association ($447k) and Future Farmers of America State Associations & Local Chapter ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $35k (19% of expenses). At year end it held assets of $3.7m against liabilities of $139k, net assets of $3.5m.