Bay de Noc Community College Foundation

Analysis

Bay de Noc Community College Foundation is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in January 1978, 48 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bay de Noc Community College Foundation reported income of $4.0m and spending of $908k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $919k to $4.0m (+341%), an average of +45% a year. The sharpest change came in the year to June 2024, when income rose by 287%. 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, Bay de Noc Community College Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Volunteers of America Inc ($4.0m), WRC Inc ($4.0m) and Sapphire Lutheran Homes Inc ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $17.5m against liabilities of $778k, net assets of $16.7m.