Middlesex Community College Foundation Incorporated

Analysis

Middlesex Community College Foundation Incorporated is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Middlesex Community College Foundation Incorporated reported income of $199k and spending of $171k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $211k to $199k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Middlesex Community College Foundation Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Philadelphia Telangana Association ($199k), Southeast Texas Circle of Hope Inc ($199k) and Greater Altoona Jewish Federation ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. At year end it held assets of $1.4m against liabilities of $2,638, net assets of $1.4m.