Ozarks Technical Community College Foundation

Analysis

Ozarks Technical Community College Foundation is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ozarks Technical Community College Foundation reported income of $3.1m and spending of $1.8m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.1m (+156%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 465%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ozarks Technical Community College Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Association for Information Systems ($3.1m), Community Foundation of the Rappahannock River Region Inc ($3.1m) and United Way of Siouxland ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $15.8m against liabilities of $32k, net assets of $15.8m.