Buncombe County Schools Foundation Incorporated

Analysis

Buncombe County Schools Foundation Incorporated is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 1987, 39 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 2023, Buncombe County Schools Foundation Incorporated reported income of $750k and spending of $832k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $516k to $750k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 131%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buncombe County Schools Foundation Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Code Savvy ($750k), Shore Line Place Inc ($750k) and St Marys Hospital Foundation Inc ($749k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 2.1% of the total. At year end it held assets of $5.0m against liabilities of $21k, net assets of $4.9m.