Beaufort County Community College Foundation

Analysis

Beaufort County Community College Foundation is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Beaufort County Community College Foundation reported income of $615k and spending of $303k, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $430k to $615k (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beaufort County Community College Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Little Beans Preschool Corporation ($614k), Lori S Voice ($615k) and McMullen County Foundation for Educational Excellence ($614k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $4.3m against liabilities of $13k, net assets of $4.3m.