Northland Community College Foundation

Analysis

Northland Community College Foundation is a registered charity in United States, based in Thief RVR FLS, MN. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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, Northland Community College Foundation reported income of $863k and spending of $1.1m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $802k to $863k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northland Community College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Nevada Tennis Association ($863k), Center for Political Accountability ($863k) and Epilepsy Foundation of Easter Pa ($863k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 49% of the total. Other salaries and wages came to $21k. At year end it held assets of $7.2m against liabilities of $2.7m, net assets of $4.5m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.