South Central College Foundation

Analysis

South Central College Foundation is a registered charity in United States, based in North Mankato, MN. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, South Central College Foundation reported income of $1.6m and spending of $1.1m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Central College Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Quality Living Inc ($1.6m), Philadelphia Pentecostal Church ($1.6m) and Schmitt Island Development Corporation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $123k (12% of expenses). At year end it held assets of $4.6m against liabilities of $68k, net assets of $4.5m. It reported 1 employees.