Vernon Regional Junior College Foundation Inc

Analysis

Vernon Regional Junior College Foundation Inc is a registered charity in United States, based in Vernon, TX. It received its IRS tax-exemption ruling in December 1986, 40 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, Vernon Regional Junior College Foundation Inc reported income of $597k and spending of $368k, leaving 38% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $574k to $597k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to August 2021, when income rose by 284%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vernon Regional Junior College Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Qutekcak Native Tribe ($597k), Union College Housing Inc ($597k) and San Marino P T Affiliates ($596k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.