Nash Community College Foundation Inc

Analysis

Nash Community College Foundation Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nash Community College Foundation Inc reported income of $2.5m and spending of $706k, leaving 72% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $2.5m (+127%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 241%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nash 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 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Watertown Community Foundation ($2.5m), Otsego Community Foundation ($2.5m) and Social Enterprise Greenhouse ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% of the total. Other salaries and wages came to $181k. At year end it held assets of $12.6m against liabilities of $27k, net assets of $12.6m.