Whatcom Community College Foundation

Analysis

Whatcom Community College Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in July 1988, 38 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, Whatcom Community College Foundation reported income of $1.4m and spending of $1.1m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.9m to $1.4m (-26%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whatcom Community College Foundation sits at the 79th percentile: it is larger than about 79% 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 Bridge Builders Foundation Inc ($1.4m), Lifespring Academy ($1.4m) and Lionheart Academy of the Triad ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 55% of the total. At year end it held assets of $19.7m against liabilities of $5.0m, net assets of $14.8m.