Halifax Community College Foundation Inc

Analysis

Halifax Community College Foundation Inc is a registered charity in United States, based in Weldon, NC. It received its IRS tax-exemption ruling in May 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Halifax Community College Foundation Inc reported income of $400k and spending of $81k, leaving 80% of income unspent that year. The sharpest change came in the year to June 2023, when income rose by 239%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Halifax Community College Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Freedom to Read Foundation ($400k), Iglesia Apostolica Fuente Del Libano Efesio 220 ($400k) and Hubbard College of Administration ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.