Parkland College Foundation

Analysis

Parkland College Foundation is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in May 1969, 57 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 2024, Parkland College Foundation reported income of $2.8m and spending of $3.1m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.8m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parkland College Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Communities in Schools of Robeson County Inc ($2.8m), E-Polk ($2.8m) and Childrens Community Charter School ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $160k (5.1% of expenses). Other salaries and wages came to $7,697. At year end it held assets of $19.9m against liabilities of $2.1m, net assets of $17.8m.