Cape Fear Community College Foundation Inc

Analysis

Cape Fear Community College Foundation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 1980, 46 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 2023, Cape Fear Community College Foundation Inc reported income of $3.8m and spending of $1.6m, leaving 58% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $3.8m (+160%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cape Fear 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 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Creative Learning Academy of Pensacola Inc ($3.8m), Rainbow Montessori Inc ($3.8m) and New Day Charter School ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $19.3m against liabilities of $111k, net assets of $19.2m.