Labette Community College Foundation

Analysis

Labette Community College Foundation is a registered charity in United States, based in Parsons, KS. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Labette Community College Foundation reported income of $377k and spending of $370k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $377k (-74%), an average of -29% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Labette Community College Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Directors Academy Inc ($377k), Central Valley Scholars ($377k) and Friends of Beaver Lake Inc ($377k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $3.6m against liabilities of $67k, net assets of $3.5m.