Northeast Texas Community College Foundation

Analysis

Northeast Texas Community College Foundation is a registered charity in United States, based in Mt Pleasant, TX. It received its IRS tax-exemption ruling in April 1985, 41 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 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, Northeast Texas Community College Foundation reported income of $4.2m and spending of $3.6m, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $4.2m (+59%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northeast Texas Community College Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Boys and Girls Club of Benton County ($4.2m), Oregon Washington Health Network ($4.2m) and Mid Nebraska Community Foundation Inc ($4.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. At year end it held assets of $10.9m against liabilities of $1.8m, net assets of $9.1m.