Surry Community College Foundation

Analysis

Surry Community College Foundation is a registered charity in United States, based in Dobson, NC. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Surry Community College Foundation reported income of $2.3m and spending of $344k, leaving 85% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $707k to $2.3m (+224%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 542%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Surry Community College Foundation 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 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Association of Va Hematology Oncology Inc ($2.3m), Kreiva Academy Public Charter School ($2.3m) and Covenant Academy ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $18.2m against liabilities of $34k, net assets of $18.2m.