Friends of McHenry County College Foundation

Analysis

Friends of McHenry County College Foundation is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in September 1967, 59 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, Friends of McHenry County College Foundation reported income of $6.4m and spending of $875k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.4m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 604%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of McHenry County College Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Institute for Brain Potential ($6.4m), Uwg Real Estate Foundation Inc ($6.4m) and Arts Academy Charter School Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $16.4m against liabilities of $29k, net assets of $16.4m.