Rainy River Community College Foundation

Analysis

Rainy River Community College Foundation is a registered charity in United States, based in Intl Falls, MN. It received its IRS tax-exemption ruling in January 1994, 32 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 2023, Rainy River Community College Foundation reported income of $620k and spending of $205k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $620k (+196%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 139%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainy River Community College Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Cottonwood Day School ($620k), Friends of Sax-Zim Bog ($620k) and Knights of Vartan Charities Inc a Ca Non-Profit Public Benefit Corp ($620k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $2.3m against liabilities of $1,020, net assets of $2.3m.