Northeast Community College Foundation

Analysis

Northeast Community College Foundation is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in May 2019, 7 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 2024, Northeast Community College Foundation reported income of $3.1m and spending of $1.7m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.1m to $3.1m (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 244%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Community College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include New Jersey Seeds Inc ($3.1m), Southern Oklahoma Library System Incorporated ($3.1m) and Cornerstone Schools of Washington DC Inc ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $37.7m against liabilities of $59k, net assets of $37.6m.