Lane Community College Foundation

Analysis

Lane Community College Foundation is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in June 1971, 55 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, Lane Community College Foundation reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $3.5m (+123%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 140%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lane Community College Foundation sits at the 87th 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 91st percentile within OR. Charities of a similar size with the same main cause include Illinois Library Association ($3.5m), Ross County Christian Academy Inc ($3.5m) and Old Town Academy ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $175k (5.1% of expenses). Other salaries and wages came to $308k. At year end it held assets of $28.7m against liabilities of $1.1m, net assets of $27.7m.