Southwestern Community College Education Foundation

Analysis

Southwestern Community College Education Foundation is a registered charity in United States, based in Creston, IA. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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 March 2023, Southwestern Community College Education Foundation reported income of $816k and spending of $487k, leaving 40% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $474k to $816k (+72%), an average of +20% a year. The sharpest change came in the year to March 2021, when income rose by 132%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwestern Community College Education Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Loud Light ($816k), International Association for Great Lakes Research-Michigan ($816k) and Laurel Volunteer Rescue Squad Inc ($816k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.