Lake Region Community College Foundation of Devils Lake

Analysis

Lake Region Community College Foundation of Devils Lake is a registered charity in United States, based in Devils Lake, ND. It received its IRS tax-exemption ruling in September 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 2023, Lake Region Community College Foundation of Devils Lake reported income of $868k and spending of $700k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $868k (-45%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 47%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Region Community College Foundation of Devils Lake sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within ND. Charities of a similar size with the same main cause include Kids Inspiring Faith at Hope Rising Preschool ($868k), Dorothys Soft Touch Corp ($868k) and Town & Country Nursery School Inc ($867k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% of the total. Other salaries and wages came to $46k. At year end it held assets of $13.7m against liabilities of $183k, net assets of $13.6m.