Rochester Community & Technical College Foundation

Analysis

Rochester Community & Technical College Foundation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in November 1996, 30 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, Rochester Community & Technical College Foundation reported income of $860k and spending of $519k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $616k to $860k (+40%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Community & Technical College Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Sun Area Career & Technology Education Foundation ($860k), Little Lambs Day Care Center Plus Inc ($860k) and Wexford Inc ($859k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% of the total. At year end it held assets of $9.1m against liabilities of $50k, net assets of $9.1m.