Cambridge Community College Center Foundation

Analysis

Cambridge Community College Center Foundation is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cambridge Community College Center Foundation reported income of $72k and spending of $87k, spending 120% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $91k to $72k (-20%), an average of -4.4% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cambridge Community College Center Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Heartfirst Charitable Foundation ($72k), Friendly Sons of St Patrick of Hunterdon County ($72k) and Joseph Lemm Memorial Foundation Ltd ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 119% of the total. At year end it held assets of $473k against liabilities of $5,321, net assets of $467k.