Housatonic Community College Foundation Inc

Analysis

Housatonic Community College Foundation Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Housatonic Community College Foundation Inc reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Housatonic Community College Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include White Hall Enrichment Advancement Team ($1.5m), West Nyack Free Library Assn ($1.5m) and Hillcrest Christian Academy ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $3.4m against liabilities of $364k, net assets of $3.0m. It reported 6 employees.