Lee College Foundation Inc

Analysis

Lee College Foundation Inc is a registered charity in United States, based in Baytown, TX. It received its IRS tax-exemption ruling in July 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lee College Foundation Inc reported income of $1.3m and spending of $1.3m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to August 2022, when income rose by 151%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee College Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Hill Country Pregnancy Care Center ($1.3m), Northwest Hvac R Association & Training Center ($1.3m) and Winnie-Stowell Volunteer Emergency Medical Services ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $17.1m against liabilities of $122k, net assets of $17.0m.