Anoka Ramsey Community College Foundation

Analysis

Anoka Ramsey Community College Foundation is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in October 1974, 52 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 2023, Anoka Ramsey Community College Foundation reported income of $485k and spending of $465k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290k to $485k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anoka Ramsey Community College Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Folds of Honor Foundation ($485k), Riverside Center for Imaginative Learning NFP ($485k) and Friends of Amateur Rocketry Inc ($485k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $105k. At year end it held assets of $1.9m against liabilities of $13k, net assets of $1.8m.