Belmont College Foundation Inc

Analysis

Belmont College Foundation Inc is a registered charity in United States, based in St Clairsvle, OH. It received its IRS tax-exemption ruling in July 2002, 24 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 2024, Belmont College Foundation Inc reported income of $145k and spending of $113k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $105k to $145k (+38%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 303%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont College Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include National Black Growers Council ($145k), Minnesota Leadership Council on Aging ($145k) and Minnesota Aviation Career Education Camp ($145k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.