Northeastern Junior College Foundation

Analysis

Northeastern Junior College Foundation is a registered charity in United States, based in Sterling, CO. It received its IRS tax-exemption ruling in May 1980, 46 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, Northeastern Junior College Foundation reported income of $977k and spending of $948k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $958k to $977k (+2.0%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeastern Junior College Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Spirit of Huntington Inc ($977k), Oliver Wolcott Library Inc ($977k) and New Life Academy Educational Foundation Inc ($976k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $31k (3.3% of expenses). Other salaries and wages came to $27k. At year end it held assets of $9.1m against liabilities of $102k, net assets of $9.0m.