Stanly Community College Foundation Inc

Analysis

Stanly Community College Foundation Inc is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Stanly Community College Foundation Inc reported income of $422k and spending of $358k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $893k to $422k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stanly Community College Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Wisconsin Education Innovations Inc ($422k), Southeast Kansas Career and Technical Education Center of Craw ($422k) and Eastern Iowa Honor Flight ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m.