Frederick Community College Foundation Inc

Analysis

Frederick Community College Foundation Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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, Frederick Community College Foundation Inc reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $1.3m (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederick Community College Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Washington County Historical Association ($1.3m), Michigan Student Assembly of the University of Michigan ($1.3m) and Harriet Beecher Stowe Center Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $21k. At year end it held assets of $20.8m against liabilities of $84k, net assets of $20.8m.