Highland Community College Foundation

Analysis

Highland Community College Foundation is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in May 1964, 62 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Highland Community College Foundation reported income of $4.3m and spending of $1.7m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.3m (+131%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 399%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highland Community 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 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include United Camps Conferences & Retreats ($4.3m), Lions Eye Bank of West Central Ohio ($4.3m) and O R U Golden Eagle Club Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $222k (13% of expenses). Other salaries and wages came to $65k. At year end it held assets of $30.1m against liabilities of $496k, net assets of $29.6m.