Cleveland Community College Foundation Inc

Analysis

Cleveland Community College Foundation Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in September 1985, 41 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, Cleveland Community College Foundation Inc reported income of $1.7m and spending of $724k, leaving 57% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $282k to $1.7m (+495%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 308%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleveland Community College Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Gcsaa Foundation ($1.7m), Otis Library ($1.7m) and Delta School ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $4.7m against liabilities of $1.2m, net assets of $3.5m.