Alvin Community College Foundation Inc

Analysis

Alvin Community College Foundation Inc is a registered charity in United States, based in Alvin, TX. It received its IRS tax-exemption ruling in January 1976, 50 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 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 August 2023, Alvin Community College Foundation Inc reported income of $892k and spending of $297k, leaving 67% of income unspent that year. Across the 6 years on record, from August 2018 to August 2023, income grew from $503k to $892k (+77%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 185%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alvin Community College Foundation Inc 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 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Uncle Lonny Presents Inc ($892k), Easter Seals Society of Iowa ($892k) and Justin Turner Foundation ($891k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $4.7m against liabilities of $37k, net assets of $4.6m.