Central Piedmont Community College Foundation Inc

Analysis

Central Piedmont Community College Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1968, 58 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 June 2023, Central Piedmont Community College Foundation Inc reported income of $19.1m and spending of $9.3m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $19.1m (+180%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Piedmont Community College Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Yeshiva Shaare Torah Inc ($19.1m), Wright State University Foundation Inc ($19.1m) and Redlands Christian School ($19.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Other salaries and wages came to $405k. At year end it held assets of $96.9m against liabilities of $1.9m, net assets of $95.0m. It reported 2 employees.