Rock Valley College Foundation

Analysis

Rock Valley College Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1979, 47 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, Rock Valley College Foundation reported income of $1.1m and spending of $1.4m, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.3m to $1.1m (-15%), an average of -3.1% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rock Valley College Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Hillander School Endowment Inc ($1.1m), Learning Tree and Educational Center ($1.1m) and Alliance for Disabled in Action Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $382k. At year end it held assets of $20.5m against liabilities of $1.8m, net assets of $18.7m.