Clovis Community College Foundation Inc

Analysis

Clovis Community College Foundation Inc is a registered charity in United States, based in Clovis, NM. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Clovis Community College Foundation Inc reported income of $566k and spending of $85k, leaving 85% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $147k to $566k (+285%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 596%. Over the whole period it spent 20% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clovis Community College Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NM. Charities of a similar size with the same main cause include United Way of Eddy County ($566k), Cardiostart International Incorporated ($566k) and United Fund of Surry Inc ($566k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 2.7% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.