Arkansas Community Colleges Foundation

Analysis

Arkansas Community Colleges Foundation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arkansas Community Colleges Foundation reported income of $5.4m and spending of $4.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $5.4m (+199%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 226%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arkansas Community Colleges Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within AR. Charities of a similar size with the same main cause include Academy for the Integrated Arts ($5.4m), Crete Academy ($5.4m) and Kairospdx ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $18k (0.4% of expenses). Other salaries and wages came to $483k. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $782k. It reported 7 employees.