Northeast Iowa Community College Foundation Inc

Analysis

Northeast Iowa Community College Foundation Inc is a registered charity in United States, based in Peosta, IA. It received its IRS tax-exemption ruling in April 1982, 44 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, Northeast Iowa Community College Foundation Inc reported income of $1.9m and spending of $1.2m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Iowa Community College Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Housing Alliance of Pennsylvania ($1.9m), National Junior Basketball ($1.9m) and Habitat for Humanity International Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $6.2m against liabilities of $4,145, net assets of $6.2m.