College Possible

Analysis

College Possible is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2000, 26 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 2024, College Possible reported income of $34.4m and spending of $32.2m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $19.1m to $34.4m (+81%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Possible sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Albuquerque Academy ($34.4m), Early Learning Coalition of Lake County ($34.5m) and Youngstown State University Foundation ($34.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $1.3m (3.9% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $25.7m against liabilities of $6.7m, net assets of $19.0m. It reported 619 employees.