Roane County College Scholarship Foundation Inc

Analysis

Roane County College Scholarship Foundation Inc is a registered charity in United States, based in Spencer, WV. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Roane County College Scholarship Foundation Inc reported income of $203k and spending of $150k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $203k (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roane County College Scholarship Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within WV. Charities of a similar size with the same main cause include Friends of Richmond Community High School ($203k), Bridgevalley Community & Technical College Foundation Inc ($203k) and Deporres P L a C E Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.