Rowan-Cabarrus Community College Foundation Inc

Analysis

Rowan-Cabarrus Community College Foundation Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in July 1991, 35 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rowan-Cabarrus Community College Foundation Inc reported income of $2.5m and spending of $716k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $628k to $2.5m (+301%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 251%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rowan-Cabarrus Community College Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Boys and Girls Clubs of Chattanooga ($2.5m), De Paul House Inc ($2.5m) and Junius Ward Johnson Memorial Young Mems Christian Assn ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $11.5m against liabilities of $387k, net assets of $11.1m.