Chipola College Foundation Inc

Analysis

Chipola College Foundation Inc is a registered charity in United States, based in Marianna, FL. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Chipola College Foundation Inc reported income of $2.3m and spending of $1.9m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.3m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 119%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chipola College Foundation Inc 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 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Una Chapman Cox Foundation ($2.3m), Stanwood-Camano Area Foundation ($2.3m) and Damascus House Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $26.3m against liabilities of $0, net assets of $26.3m. It reported 4 employees.