Morgan Community College Foundation

Analysis

Morgan Community College Foundation is a registered charity in United States, based in Fort Morgan, CO. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Morgan Community College Foundation reported income of $3.5m and spending of $636k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.5m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morgan Community College Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Southeastern Regional Education Service Center Inc ($3.5m), Hockessin Montessori School Wilmington Montessori Assn Inc ($3.5m) and Minnesota Early Learning Academy Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $13.3m against liabilities of $80k, net assets of $13.3m.