Bluegrass Community & Technical College Foundation Inc

Analysis

Bluegrass Community & Technical College Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Bluegrass Community & Technical College Foundation Inc reported income of $829k and spending of $406k, leaving 51% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $272k to $829k (+205%), an average of +45% a year. The sharpest change came in the year to June 2022, when income rose by 154%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bluegrass Community & Technical College Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Central Arkansas Library System Foundation ($828k), Changing Hearts Boarding School and Ministries ($829k) and Scholarship & Welfare Funds of Alumni Association of Hunter Colle ($828k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. At year end it held assets of $2.3m against liabilities of $60k, net assets of $2.3m.