Amarillo College Foundation Inc

Analysis

Amarillo College Foundation Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in December 1963, 63 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Amarillo College Foundation Inc reported income of $12.5m and spending of $3.9m, leaving 69% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.8m to $12.5m (+342%), an average of +45% a year. The sharpest change came in the year to August 2021, when income rose by 544%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amarillo College Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Puerto Rican Cultural Center ($12.5m), Bay Area Legal Services Inc ($12.5m) and Brevard Music Center Incorporated ($12.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $80.1m against liabilities of $395k, net assets of $79.8m.