Quinebaug Valley Community College Foundation Inc

Analysis

Quinebaug Valley Community College Foundation Inc is a registered charity in United States, based in Danielson, CT. It received its IRS tax-exemption ruling in March 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Quinebaug Valley Community College Foundation Inc reported income of $867k and spending of $580k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $393k to $867k (+121%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quinebaug Valley Community College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Dream Works Bladen Inc ($867k), Natchez Trace Council ($867k) and I Am a Hero Inc ($867k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% of the total. Other salaries and wages came to $67k. At year end it held assets of $6.5m against liabilities of $270k, net assets of $6.3m. It reported 2 employees.