Laramie County Community College Foundation

Analysis

Laramie County Community College Foundation is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in July 1969, 57 years ago. 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 December 2023, Laramie County Community College Foundation reported income of $5.1m and spending of $3.4m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laramie County Community College Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 96th percentile within WY. Charities of a similar size with the same main cause include Carolina Farm Stewardship Association ($5.1m), Spokane Guilds School and Neuromuscular Center ($5.1m) and Boy Scouts of America ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Other salaries and wages came to $304k. At year end it held assets of $55.8m against liabilities of $14.9m, net assets of $40.9m.