Inver Hills Community College Foundation

Analysis

Inver Hills Community College Foundation is a registered charity in United States, based in Inver Grove, MN. It received its IRS tax-exemption ruling in August 1982, 44 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, Inver Hills Community College Foundation reported income of $446k and spending of $363k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $255k to $446k (+75%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 128%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inver Hills Community College Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Friends of Peak to Peak Inc ($446k), Latinas First Foundation ($446k) and Clear Creek Education Foundation ($446k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. At year end it held assets of $3.7m against liabilities of $16k, net assets of $3.7m.