Hawkeye Community College Foundation

Analysis

Hawkeye Community College Foundation is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in October 1968, 58 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 2023, Hawkeye Community College Foundation reported income of $1.6m and spending of $5.3m, spending 323% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.6m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hawkeye Community College Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Northeast Florida Regional Stem2 Hub Inc ($1.6m), Community Library of Dewitt & Jamesville ($1.6m) and Gate City Charter School for the Arts ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 0.4% of the total. At year end it held assets of $12.9m against liabilities of $7,055, net assets of $12.9m.