Roane State Community College Foundation

Analysis

Roane State Community College Foundation is a registered charity in United States, based in Harriman, TN. It received its IRS tax-exemption ruling in January 1981, 45 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, Roane State Community College Foundation reported income of $2.8m and spending of $1.4m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.8m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 213%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roane State Community College Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Stepinac High School Foundation Inc ($2.8m), Valley Preparatory School ($2.8m) and Scholars Academy Sunnyslope ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $22.8m against liabilities of $47k, net assets of $22.7m.