Tunxis Community College Foundation Inc

Analysis

Tunxis Community College Foundation Inc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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 2022, Tunxis Community College Foundation Inc reported income of $209k and spending of $191k, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $176k to $209k (+18%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tunxis Community College Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Helotes Ag Booster Club Inc ($209k), Three Village Midget Baseball League Inc ($209k) and Special Troopers Adaptive Riding School Inc Stars Inc ($209k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.5m against liabilities of $206k, net assets of $1.3m.