Asheville-Buncombe Technical Community College Foundation Inc

Analysis

Asheville-Buncombe Technical Community College Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 1997, 29 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, Asheville-Buncombe Technical Community College Foundation Inc reported income of $2.0m and spending of $1.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asheville-Buncombe Technical Community College Foundation Inc sits at the 82nd percentile: it is larger than about 82% 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 Plumbers Pipefitters and Mechanical Equipment Service Local ($2.0m), Ambleside School ($2.0m) and Chicago Montessori NFP ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $16.0m against liabilities of $20k, net assets of $16.0m.