Allen County Community College Endowment Association

Analysis

Allen County Community College Endowment Association is a registered charity in United States, based in Iola, KS. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Allen County Community College Endowment Association reported income of $7.9m and spending of $443k, leaving 94% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $501k to $7.9m (+1481%), an average of +151% a year. The sharpest change came in the year to June 2023, when income rose by 678%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allen County Community College Endowment Association 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 94th percentile, and in the 94th percentile within KS. Charities of a similar size with the same main cause include St Johns Classical Academy ($7.9m), Phillips Theological Seminary Corporation ($7.9m) and Bluesky Charter School ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $14.8m against liabilities of $0, net assets of $14.8m.