North Hennepin Community College Foundation

Analysis

North Hennepin Community College Foundation is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in August 1983, 43 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 2024, North Hennepin Community College Foundation reported income of $959k and spending of $499k, leaving 48% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $762k to $959k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Hennepin Community College Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include The West Mont Foundation ($959k), Josephs Coat Inc ($959k) and West Bank Community Housing Corporation ($959k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $110k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.