BANK OF THE COMMONWEALTH CHARITABLE FOUNDATION
MOUNT OLIVE,
North Carolina,
28365
EIN: 45-0542462
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
PO BOX 729
28365
COUNTY
wayne county, NC
IN CARE OF NAME
CYNTHIA A SABOL
ORGANIZATIONAL OVERVIEW & RANKINGS
BANK OF THE COMMONWEALTH CHARITABLE FOUNDATION is a based in MOUNT OLIVE, NC, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Public Foundations. Established in October 2006, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $5,375.00, this ranks 720,296 among 2,656,690 nonprofits nationally (Top 28%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 18,495 out of 80,207 organizations in NC (Top 24%).
In wayne county, NC, the organization ranks 172 out of 822 nonprofits by assets (Top 20%), while locally in mount olive, it stands at 23 among 95 organizations (Top 23%).
The organization reported annual revenue of $897.00, ranking 627,015 nationally (Top 24%) and 17,386 in NC (Top 22%).
Within its specific NTEE classification (T30 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 17,619 similar organizations, BANK OF THE COMMONWEALTH CHARITABLE FOUNDATION ranks 6,575 in assets (Top 38%) and 6,004 in revenue (Top 35%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T30: Public Foundations
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
1: Unconditional Exemption
FINANCIALS
TAX PERIOD
12/2011
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$897.00
FORM 990 REVENUE AMOUNT
$897.00
RULING DATE
10/2006
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$5,375.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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