Itasca Cmmunity College Foundation

Analysis

Itasca Cmmunity College Foundation is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Itasca Cmmunity College Foundation reported income of $697k and spending of $411k, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $849k to $697k (-18%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income rose by 281%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Itasca Cmmunity College Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Hand in Hand Parenting ($696k), International Science Foundation of Cambridge ($697k) and Redlands Community College Foundation Inc ($696k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $6,180. At year end it held assets of $5.9m against liabilities of $16k, net assets of $5.8m. It reported 1 employees.