Gogebic Community College Found

Analysis

Gogebic Community College Found is a registered charity in United States, based in Ironwood, MI. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gogebic Community College Found reported income of $472k and spending of $278k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $421k to $472k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gogebic Community College Found sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Lincoln High School Alumni Association ($472k), Oregon State Elks Association Trust ($472k) and Houlton High Schhol Alumni Association ($472k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.