The Harrisburg Area Community College Foundation

Analysis

The Harrisburg Area Community College Foundation is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Harrisburg Area Community College Foundation reported income of $3.4m and spending of $2.1m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $3.4m (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2021, when income rose by 319%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Harrisburg Area Community College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Massachusetts Foundation for Learning Disabilities ($3.4m), Luckiamute Valley Charter Schools ($3.4m) and St Agnes Academy Foundation Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $43.6m against liabilities of $196k, net assets of $43.4m.