Middlesex College Foundation Inc

Analysis

Middlesex College Foundation Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in August 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Middlesex College Foundation Inc reported income of $929k and spending of $1.6m, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $929k (-54%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 180%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middlesex College Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include The Nest School ($929k), Howard Whittemore Memorial Library ($929k) and Power and Grace Preparatory Academy Inc ($928k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21.6m against liabilities of $1.2m, net assets of $20.4m.