Riverland Community College Foundation

Analysis

Riverland Community College Foundation is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Riverland Community College Foundation reported income of $2.6m and spending of $2.3m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.6m (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Riverland Community College Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Butte County Fair Association ($2.6m), Camp Nageela Midwest Inc ($2.6m) and Brown Ledge Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.9% of the total. Other salaries and wages came to $13k. At year end it held assets of $4.7m against liabilities of $143k, net assets of $4.6m. It reported 1 employees.