Bellingham Technical College Foundation

Analysis

Bellingham Technical College Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bellingham Technical College Foundation reported income of $2.6m and spending of $1.3m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.6m (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 121%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bellingham Technical 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 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Phi Theta Kappa Foundation ($2.6m), United States Hispanic Chamber of Commerce Educational Fund ($2.6m) and Prairie View A&m Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $7.3m against liabilities of $342k, net assets of $7.0m.