CCCD Foundation

Analysis

CCCD Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CCCD Foundation reported income of $435k and spending of $899k, spending 207% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $435k (-58%), an average of -25% a year. The sharpest change came in the year to June 2021, when income rose by 1426%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CCCD Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Chocolate Church Arts Center ($435k), Openstage Theatre and Company ($435k) and New England Carousel Museum Inc ($435k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $14.0m against liabilities of $844k, net assets of $13.2m.