Central Oregon Community College Foundation

Analysis

Central Oregon Community College Foundation is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in June 1967, 59 years ago. 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 2024, Central Oregon Community College Foundation reported income of $3.1m and spending of $3.3m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $3.1m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 169%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Oregon Community College Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Nicol Home Inc ($3.1m), Youth Automotive Training Center of Broward Inc ($3.1m) and Mon Valley YMCA ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $136k (4.2% of expenses). Other salaries and wages came to $569k. At year end it held assets of $32.2m against liabilities of $605k, net assets of $31.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.