Lenoir Community College Foundation Inc

Analysis

Lenoir Community College Foundation Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in March 1974, 52 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, Lenoir Community College Foundation Inc reported income of $1.5m and spending of $950k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.8m to $1.5m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lenoir Community College Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Tackle Tomorrow LLC ($1.5m), Japhet School Incorporated ($1.5m) and Summit Classical Charter School Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 14% of the total. At year end it held assets of $14.0m against liabilities of $2,854, net assets of $13.9m.