Hazard Independent College Foundation

Analysis

Hazard Independent College Foundation is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in December 1966, 60 years ago. 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, Hazard Independent College Foundation reported income of $157k and spending of $115k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $59k to $157k (+163%), an average of +163% a year. The sharpest change came in the year to June 2023, when income rose by 163%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hazard Independent College Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include The Life Experience School Inc ($157k), Northville Public Library ($157k) and Bellbrook Eagle Booster Club ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $424k against liabilities of $0, net assets of $424k.