Tacoma Community College Foundation

Analysis

Tacoma Community College Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1975, 51 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, Tacoma Community College Foundation reported income of $782k and spending of $1.2m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $782k (-55%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tacoma Community College Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Columbia Law Review Association Inc ($782k), Florida Consortium of Public Charter Schools Inc ($782k) and Red Tomato ($782k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 80% of the total. At year end it held assets of $10.0m against liabilities of $30k, net assets of $9.9m.