George C Wallace State Community College Foundation

Analysis

George C Wallace State Community College Foundation is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, George C Wallace State Community College Foundation reported income of $832k and spending of $357k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $686k to $832k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, George C Wallace State Community College Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Robert Trent Jones Golf Trail Foundation ($832k), Visitation Community Outreach Foundation ($833k) and Glioblastoma Research Organization Inc ($832k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 2.3% of the total. At year end it held assets of $10.9m against liabilities of $0, net assets of $10.9m.