Gillette College Foundation

Analysis

Gillette College Foundation is a registered charity in United States, based in Gillette, WY. It received its IRS tax-exemption ruling in September 1988, 38 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, Gillette College Foundation reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gillette College Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within WY. Charities of a similar size with the same main cause include Montessori Childrens House and School Inc ($1.4m), Ithaca Montessori Society ($1.4m) and Raynor Country Day School ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 8.3% of the total. Other salaries and wages came to $48k. At year end it held assets of $15.2m against liabilities of $3.7m, net assets of $11.5m.