Kalamazoo Valley Community College Foundation

Analysis

Kalamazoo Valley Community College Foundation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in July 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, Kalamazoo Valley Community College Foundation reported income of $7.2m and spending of $9.0m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $7.2m (+274%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 148%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kalamazoo Valley Community College Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Energized for STEM Academy Inc ($7.2m), Accreditation Commission for Education in Nursing Inc ($7.2m) and Buffalo State College Foundation Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 2.2% of the total. At year end it held assets of $24.2m against liabilities of $1.0m, net assets of $23.2m.