Peninsula College Foundation

Analysis

Peninsula College Foundation is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in December 2000, 26 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 2024, Peninsula College Foundation reported income of $1.5m and spending of $1.7m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.5m (+22%), an average of +5.1% a year. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peninsula 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 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Jack G Buncher Charitable Fund Forcarnegie Mellon University ($1.5m), American Museum of Science and Energy Foundation Inc ($1.5m) and Good Samaritan Hospital Foundation Kearney Nebraska ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $96k. At year end it held assets of $7.7m against liabilities of $610k, net assets of $7.1m.