Central Carolina Community College Foundation Inc

Analysis

Central Carolina Community College Foundation Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in September 1989, 37 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 2024, Central Carolina Community College Foundation Inc reported income of $2.1m and spending of $1.6m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $2.1m (+111%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 215%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Carolina Community College Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Buckley Institute Inc ($2.1m), Bilingual-Multicultural Educational Support Team ($2.1m) and Brooklyn Independent ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $14.7m against liabilities of $39k, net assets of $14.6m.