Independence Community College Foundation

Analysis

Independence Community College Foundation is a registered charity in United States, based in Independence, KS. It received its IRS tax-exemption ruling in December 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, Independence Community College Foundation reported income of $1.3m and spending of $279k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $569k to $1.3m (+126%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 401%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence Community College Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Columbia Montessori Society Inc ($1.3m), Pittsburgh Christian Academy ($1.3m) and Textile Center of Minnesota ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $51k. At year end it held assets of $4.8m against liabilities of $4,909, net assets of $4.8m.