Hutchinson Community College Endowment Association

Analysis

Hutchinson Community College Endowment Association is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hutchinson Community College Endowment Association reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $1.8m (-19%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hutchinson Community College Endowment Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KS. Charities of a similar size with the same main cause include Pungo Christian Academy Inc ($1.8m), Carolina Youth Coalition ($1.8m) and Milagre Kids School Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $85k (4.9% of expenses). Other salaries and wages came to $42k. At year end it held assets of $23.4m against liabilities of $16k, net assets of $23.4m.