Richland Community College Foundation

Analysis

Richland Community College Foundation is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in October 1980, 46 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, Richland Community College Foundation reported income of $6.3m and spending of $1.5m, leaving 76% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $6.3m (+403%), an average of +71% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richland Community College Foundation sits at the 93rd percentile: it is larger than about 93% 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 Buxmont Academy ($6.3m), Habitat for Humanity International Inc ($6.3m) and Small Things Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $24.1m against liabilities of $643k, net assets of $23.4m.