Lamar Community College Foundation

Analysis

Lamar Community College Foundation is a registered charity in United States, based in Lamar, CO. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Lamar Community College Foundation reported income of $958k and spending of $358k, leaving 63% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $333k to $958k (+188%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lamar Community College Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include 3200 Adams Holding Corp ($958k), United Way of East Tennessee Highlands ($958k) and Goalsetter Foundation ($957k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.5m against liabilities of $780k, net assets of $1.7m.