Vermilion Community College Foundation Inc

Analysis

Vermilion Community College Foundation Inc is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Vermilion Community College Foundation Inc reported income of $171k and spending of $122k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $195k to $171k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 238%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermilion Community College Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Show Me the World Project ($171k), Marriage and Relationship Education Center Inc ($171k) and Iron Mike Foundation ($171k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.