Cerro Cosco Community College Foundation Inc

Analysis

Cerro Cosco Community College Foundation Inc is a registered charity in United States, based in Ridgecrest, CA. It received its IRS tax-exemption ruling in October 1977, 49 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, Cerro Cosco Community College Foundation Inc reported income of $182k and spending of $142k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $384k to $182k (-53%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cerro Cosco Community College Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Winchester Education Foundation Inc ($182k), Jerri Walker Depriest Memorial Endowment Fund ($182k) and The Learning Curve Inc ($182k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 26% of the total. At year end it held assets of $1.7m against liabilities of $3,131, net assets of $1.7m.