Lake Tahoe Community College Foundation

Analysis

Lake Tahoe Community College Foundation is a registered charity in United States, based in S Lake Tahoe, CA. It received its IRS tax-exemption ruling in February 1997, 29 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 Tahoe Community College Foundation reported income of $1.0m and spending of $525k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $1.0m (-62%), an average of -22% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Tahoe Community College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Syracuse Hebrew Day School Max Gilbert Hebrew Academy ($1.0m), Montgomery Christian Academy ($1.0m) and Thomas Hart Academy ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $4.9m against liabilities of $139k, net assets of $4.7m.