Western Iowa Tech Community College Foundation

Analysis

Western Iowa Tech Community College Foundation is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in January 1991, 35 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 2024, Western Iowa Tech Community College Foundation reported income of $2.0m and spending of $1.3m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.0m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Iowa Tech Community College Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Halom House ($2.0m), Pacific Repertory Theatre ($2.0m) and The Fulton County Young Mens Christian Association Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $9.6m against liabilities of $8,226, net assets of $9.6m.