Southeastern Community College Foundation Inc

Analysis

Southeastern Community College Foundation Inc is a registered charity in United States, based in Whiteville, NC. It received its IRS tax-exemption ruling in February 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 2023, Southeastern Community College Foundation Inc reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $787k to $1.1m (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Community College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Columbia County Christian School ($1.1m), McCall Community School Inc ($1.1m) and Texas Medical Association Special Funds Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $9.1m against liabilities of $290k, net assets of $8.8m.