Normandale Community College Foundation Inc

Analysis

Normandale Community College Foundation Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 2023, Normandale Community College Foundation Inc reported income of $1.9m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.9m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Normandale Community College Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Arctic Research Consortium of the United States Incorporated ($1.9m), Linganore Area Youth Athletic Association Inc ($1.9m) and Beginners Mind Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $141k (8.6% of expenses). Other salaries and wages came to $170k. At year end it held assets of $6.6m against liabilities of $66k, net assets of $6.5m. It reported 4 employees.