Red Rocks Community College Foundation

Analysis

Red Rocks Community College Foundation is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in October 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Red Rocks Community College Foundation reported income of $1.7m and spending of $1.3m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.7m (-4.8%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Rocks Community College Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Alzheimers Disease International- the International Federation of ($1.7m), Gateway to Success ($1.7m) and Manchester Community College Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $9.3m against liabilities of $447k, net assets of $8.9m.