Vance Granville Community College Endowment Fund

Analysis

Vance Granville Community College Endowment Fund is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in February 1983, 43 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 2024, Vance Granville Community College Endowment Fund reported income of $578k and spending of $455k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $376k to $578k (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vance Granville Community College Endowment Fund sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Hingham Community Nursery School Inc ($578k), Tri314 Multidisciplinary Visual Performances Inc ($578k) and The Health Care Foundation ($578k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% of the total. At year end it held assets of $10.5m against liabilities of $2,023, net assets of $10.5m.