North Country Community College Assoc

Analysis

North Country Community College Assoc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Country Community College Assoc reported income of $1.1m and spending of $1.4m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $747k to $1.1m (+52%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 134% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Country Community College Assoc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Hill County Christian Academy ($1.1m), Brixham Montessori Friends School ($1.1m) and Associated Colleges of the South Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $75k (5.4% of expenses). Other salaries and wages came to $289k. At year end it held assets of $2.0m against liabilities of $1.7m, net assets of $340k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.