Kirtland Community College Foundation

Analysis

Kirtland Community College Foundation is a registered charity in United States, based in Grayling, MI. It received its IRS tax-exemption ruling in June 1973, 53 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 2023, Kirtland Community College Foundation reported income of $113k and spending of $153k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $99k to $113k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2020, when income rose by 89%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kirtland Community College Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Small World Preschool ($113k), Cassatt in the Basin ($113k) and Rocky Mountain Association of Geologists Foundation ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $2.8m against liabilities of $2,230, net assets of $2.8m.