CMS Foundation

Analysis

CMS Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CMS Foundation reported income of $1.3m and spending of $1.7m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2020, when income rose by 86%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CMS Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Kingswood Academy ($1.3m), Missourian Publishing Assn Inc ($1.3m) and Snipes Farm and Education Center ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $167k (10% of expenses). At year end it held assets of $2.3m against liabilities of $5,000, net assets of $2.3m.