Truckee Meadows Community College Foundation

Analysis

Truckee Meadows Community College Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Truckee Meadows Community College Foundation reported income of $2.4m and spending of $3.1m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truckee Meadows Community College Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NV. Charities of a similar size with the same main cause include Girls Write Now Inc ($2.4m), Hertford County Educational Foundation Inc ($2.4m) and Cleveland Leadership Center ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $7.4m against liabilities of $565k, net assets of $6.8m.