Middlesex Coummunity College Foundation Inc

Analysis

Middlesex Coummunity College Foundation Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in December 1987, 39 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, Middlesex Coummunity College Foundation Inc reported income of $2.2m and spending of $1.5m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.2m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middlesex Coummunity College Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include William Mosing Center ($2.2m), Pittsburgh Area Community Schools Inc ($2.2m) and Constellation Schools-Puritas Community Middle ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $10.1m against liabilities of $1.5m, net assets of $8.5m.