Alpena Community College Foundation

Analysis

Alpena Community College Foundation is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in May 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alpena Community College Foundation reported income of $4.0m and spending of $2.2m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.0m (+92%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 404%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpena Community College Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Shoreline Christian School ($4.0m), St Paul School of Northern Lights ($4.0m) and Winter Haven Christian School Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $9.2m against liabilities of $29k, net assets of $9.2m.