Alamance Community College Foundation Inc

Analysis

Alamance Community College Foundation Inc is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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 June 2024, Alamance Community College Foundation Inc reported income of $3.3m and spending of $2.0m, leaving 39% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.0m to $3.3m (+10%), an average of +2.0% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alamance Community College Foundation Inc sits at the 89th percentile: it is larger than about 89% 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 Colorado Sheet Metal Workers Training Fund ($3.3m), Colorado Wheat Research Foundation Inc ($3.3m) and Centinela Youth Services Inc ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $19.9m against liabilities of $196k, net assets of $19.8m.