Nicolet College Foundation Inc

Analysis

Nicolet College Foundation Inc is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in June 1971, 55 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 June 2023, Nicolet College Foundation Inc reported income of $4.8m and spending of $589k, leaving 88% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $298k to $4.8m (+1498%), an average of +152% a year. The sharpest change came in the year to June 2023, when income rose by 729%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nicolet College Foundation Inc 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 92nd percentile within WI. Charities of a similar size with the same main cause include Iron Workers Local 7 Joint Apprentice Committee Educational F ($4.8m), Hogar Ruth Para Mujeres Maltratadas Inc ($4.8m) and Evanston Child Development Center ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $71k. At year end it held assets of $7.9m against liabilities of $21k, net assets of $7.9m.