Catawba Valley Community College Foundation Inc

Analysis

Catawba Valley Community College Foundation Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in March 1985, 41 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, Catawba Valley Community College Foundation Inc reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.0m to $1.8m (-38%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catawba Valley 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 Christian Brothers Foundation Inc ($1.8m), Ouachita Council on Aging ($1.8m) and Florida Keys Educational Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $10.3m against liabilities of $2,910, net assets of $10.3m.