Colby Community College Endowment Foundation

Analysis

Colby Community College Endowment Foundation is a registered charity in United States, based in Colby, KS. It received its IRS tax-exemption ruling in March 1965, 61 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 2024, Colby Community College Endowment Foundation reported income of $1.6m and spending of $945k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.6m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colby Community College Endowment 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 84th percentile within KS. Charities of a similar size with the same main cause include Crawford County Federated Library System ($1.6m), Hendrix-Murphy Foundation Inc ($1.6m) and East Texas Charter High School ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $66k. At year end it held assets of $8.8m against liabilities of $78k, net assets of $8.7m.