Alexandria Technical & Community College Foundation

Analysis

Alexandria Technical & Community College Foundation is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in July 1976, 50 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 2024, Alexandria Technical & Community College Foundation reported income of $3.1m and spending of $2.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $3.1m (+120%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alexandria Technical & Community College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Friends and Foundation of the Rochester Public Library ($3.1m), Focus North High School ($3.1m) and Southern Oklahoma Library System Incorporated ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $254k. At year end it held assets of $26.6m against liabilities of $13.4m, net assets of $13.2m. It reported 11 employees.