Lower Columbia College Foundation

Analysis

Lower Columbia College Foundation is a registered charity in United States, based in Longview, WA. It received its IRS tax-exemption ruling in December 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lower Columbia College Foundation reported income of $3.3m and spending of $1.8m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $3.3m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lower Columbia College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Friends of Inwood Academy for Leadership Charter School Inc ($3.3m), Transmit Receive Labs Inc ($3.3m) and Utah International Charter School ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $69k (3.9% of expenses). Other salaries and wages came to $224k. At year end it held assets of $25.4m against liabilities of $63k, net assets of $25.4m.