Fergus Area College Foundation

Analysis

Fergus Area College Foundation is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in March 1967, 59 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, Fergus Area College Foundation reported income of $633k and spending of $390k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $247k to $633k (+156%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 523%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fergus Area College Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Waukee Athletic Boosters ($633k), Danbury Grassroots Academy Inc ($633k) and Florida Blue Key Inc ($633k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% of the total. At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m.