Glen Oaks Community College Foundation

Analysis

Glen Oaks Community College Foundation is a registered charity in United States, based in Centreville, MI. It received its IRS tax-exemption ruling in December 1980, 46 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, Glen Oaks Community College Foundation reported income of $178k and spending of $206k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $169k to $178k (+5.1%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glen Oaks Community College Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Powering Opportunity in Education- South Bay ($178k), Creo Dupage Ltd ($178k) and Woodstock Wolverine Band Boosters Inc ($178k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $64k (31% of expenses). Other salaries and wages came to $559. At year end it held assets of $3.8m against liabilities of $3,264, net assets of $3.8m.