Allegany Community College Foundation Inc

Analysis

Allegany Community College Foundation Inc is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in October 1983, 43 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, Allegany Community College Foundation Inc reported income of $4.8m and spending of $3.5m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.8m to $4.8m (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegany Community College Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Lamad Academy Charter School ($4.8m), Des Moines Area Community College Foundation ($4.8m) and Finishing Trades Institute of New York ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 40% of the total. At year end it held assets of $26.7m against liabilities of $19k, net assets of $26.7m.