Richmond Community College Foundation Inc

Analysis

Richmond Community College Foundation Inc is a registered charity in United States, based in Hamlet, NC. It received its IRS tax-exemption ruling in October 1983, 43 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 2024, Richmond Community College Foundation Inc reported income of $864k and spending of $474k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $516k to $864k (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Community College Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Information Equity Initiative Inc ($864k), Peak Education ($864k) and Brighter Futures Foundation ($864k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $6.6m against liabilities of $1,331, net assets of $6.6m.