Great Basin College Foundation

Analysis

Great Basin College Foundation is a registered charity in United States, based in Elko, NV. It received its IRS tax-exemption ruling in April 1983, 43 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 2024, Great Basin College Foundation reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.3m to $1.2m (-86%), an average of -32% a year. The sharpest change came in the year to June 2021, when income rose by 946%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Basin College Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NV. Charities of a similar size with the same main cause include Austin Home Base ($1.2m), Gentrys Educational Foundation ($1.2m) and North Carolina Business Leaders for Education ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $12.7m against liabilities of $148k, net assets of $12.5m.

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.