Elaine P Nunez Community College Foundation

Analysis

Elaine P Nunez Community College Foundation is a registered charity in United States, based in Chalmette, LA. It received its IRS tax-exemption ruling in December 1998, 28 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elaine P Nunez Community College Foundation reported income of $376k and spending of $278k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $302k to $376k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elaine P Nunez Community College Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Rangewater Impact Foundation Inc ($376k), HCCF Real Estate Supporting Organization ($376k) and New Jersey State Federation of Womens Clubs ($376k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.0m against liabilities of $607k, net assets of $1.4m.