Flathead Valley Community College Foundation Inc

Analysis

Flathead Valley Community College Foundation Inc is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in February 1977, 49 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 December 2023, Flathead Valley Community College Foundation Inc reported income of $6.9m and spending of $2.1m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $6.9m (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flathead Valley Community College Foundation Inc 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 95th percentile within MT. Charities of a similar size with the same main cause include Child and Family Services of Northwestern Michigan Inc ($6.9m), Public Art Fund Inc ($6.9m) and West End Neighborhood House Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $70k (3.3% of expenses). At year end it held assets of $29.1m against liabilities of $1.7m, net assets of $27.5m.