Charity Search / COLLEGE HEIGHTS FOUNDATION INC
Education (B110) IRS Verified DX Registered 990 on File

COLLEGE HEIGHTS FOUNDATION INC

EIN: 61-0459494 · BOWLING GREEN, KY 42101-3503 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 94/100
Reliability (20%) 55/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

The College Heights Foundation has been a Guardian of Trusts since our founding in 1923. Born from humble beginnings when a faculty member gave $100 to Dr. Henry Hardin Cherry to assist worthy and deserving students, the Foundation now has an endowment that has grown to more than $250 million. Today, the Foundation continues to fulfill its mission by providing assistance and encouragement to deserving students enrolled at Western Kentucky University.

Financial Overview — FY 2024
$48.2M
Total Revenue
$21.5M
Total Expenses
$272.1M
Net Assets
15
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 83.4%
Fundraising Efficiency N/A
Operating Reserve 152.03x
Liability-to-Asset 10.7%
Revenue Diversification 70.2%
Executive Compensation $619K
Compared with Peers
FY 2024
Compared with 1,943 similar organizations (United States, Education, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
83.4% 84.6%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
15.5% 13.3%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.1% 0.7%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
152.0 mo 10.6 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
10.7% 31.2%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
70.2% 88.3%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
109.0% 7.9%
P10P90
Expense growth
Year over year expense growth
23.9% 7.4%
P10P90
Surplus margin
Surplus as a share of revenue
55.5% 3.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $48.2M $21.5M $272.1M 83.4% 15
2023 $23.1M $17.3M $227.9M 83.3% 3
2022 $11.4M $9.1M $99.6M 85.5% 0
2021 $12.3M $7.7M N/A 0
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Organization Details
EIN
61-0459494
State
KY
City
BOWLING GREEN
ZIP
42101-3503
Classification
B110
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1923
Foundation Code
13
Form 990
On File
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