Henry Ford Community College Foundation

Analysis

Henry Ford Community College Foundation is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in June 1982, 44 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, Henry Ford Community College Foundation reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.8m (+107%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Henry Ford Community College Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Billings Catholic Schools Foundation ($2.8m), Le3 Inc ($2.8m) and Leap for Education Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $20.0m against liabilities of $95k, net assets of $19.9m.