South Plains College Foundation

Analysis

South Plains College Foundation is a registered charity in United States, based in Levelland, TX. It received its IRS tax-exemption ruling in December 1979, 47 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 2024, South Plains College Foundation reported income of $7.4m and spending of $2.5m, leaving 66% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $2.8m to $7.4m (+166%), an average of +22% a year. The sharpest change came in the year to August 2023, when income rose by 617%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Plains College Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Epilepsy Foundation New England Inc ($7.4m), The White Mountain School ($7.4m) and Churchill Center and School for Learning Disabilities ($7.4m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $38.3m against liabilities of $2.9m, net assets of $35.4m.