Anoka-Hennepin Technical College Foundation

Analysis

Anoka-Hennepin Technical College Foundation is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in March 1987, 39 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, Anoka-Hennepin Technical College Foundation reported income of $870k and spending of $975k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $857k to $870k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anoka-Hennepin Technical College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include East Alabama E M S Inc ($870k), Milford Senior Center Inc ($870k) and Giorno Poetry Systems Institute Inc ($870k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $158k. At year end it held assets of $1.9m against liabilities of $32k, net assets of $1.9m.