Craven Community College Foundation

Analysis

Craven Community College Foundation is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Craven Community College Foundation reported income of $732k and spending of $667k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $647k to $732k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Craven Community College Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Friends of Wycliffe Hall Oxford Inc ($732k), Central Nursery School ($732k) and The Vocational Nursing Institute Inc ($732k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 24% of the total. At year end it held assets of $3.9m against liabilities of $19k, net assets of $3.9m.