Hennepin Technical College Foundation

Analysis

Hennepin Technical College Foundation is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in December 1999, 27 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 2024, Hennepin Technical College Foundation reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $1.7m (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hennepin Technical College Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include The Mississippi Gulf Coast Community College Foundation Inc ($1.7m), Alaska Library Network ($1.7m) and Central Vermont Adult Basic Education Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.