Heartland Community College Foundation

Analysis

Heartland Community College Foundation is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in October 1992, 34 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 2024, Heartland Community College Foundation reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.5m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 206%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heartland Community College Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Hockessin Soccer Club ($2.5m), Arc of Dekalb County ($2.5m) and Adirondack Railway Preservation Society ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $17.5m against liabilities of $114k, net assets of $17.4m.