Brunswick Community College Foundation Inc

Analysis

Brunswick Community College Foundation Inc is a registered charity in United States, based in Supply, NC. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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, Brunswick Community College Foundation Inc reported income of $1.9m and spending of $920k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.9m (+60%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 66%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brunswick Community College Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Operating Engineers Local 17 Training Fund ($1.9m), Goodwill Industries Foundation of Central Iowa ($1.9m) and Mount Zion Housing Authority of Hammond Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $8.1m against liabilities of $273k, net assets of $7.9m.