Spokane Colleges Foundation

Analysis

Spokane Colleges Foundation is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Spokane Colleges Foundation reported income of $4.1m and spending of $2.0m, leaving 51% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.6m to $4.1m (+60%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spokane Colleges Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Programs for Infants and Children Inc-Pic Inc ($4.1m), Horry-Georgetown Technical College Foundation Incorporated ($4.1m) and Community College of Baltimore County Foundation Inc ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $119k (5.9% of expenses). Other salaries and wages came to $452k. At year end it held assets of $39.3m against liabilities of $6.1m, net assets of $33.2m.