North Carolina Community College Foundation

Analysis

North Carolina Community College Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina Community College Foundation reported income of $1.6m and spending of $2.0m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $1.6m (-55%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 102%. 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, North Carolina Community College Foundation 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 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Innovation Montessori High School Ocoee Inc ($1.6m), Academe of the Oaks Inc ($1.6m) and Accelerated Elementary and Secondary School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $13k (0.6% of expenses). At year end it held assets of $11.0m against liabilities of $442k, net assets of $10.6m.