Washtenaw Community College Foundation

Analysis

Washtenaw Community College Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in October 1985, 41 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, Washtenaw Community College Foundation reported income of $1.3m and spending of $1.8m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.3m (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washtenaw Community College Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Parents Place of Maryland Inc ($1.3m), Rose & Alex Pilibos Preschool ($1.3m) and Parents Association of P S 158 M ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $74k. At year end it held assets of $32.1m against liabilities of $120k, net assets of $32.0m.