Massasoit Community College Foundation Inc

Analysis

Massasoit Community College Foundation Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Massasoit Community College Foundation Inc reported income of $359k and spending of $259k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $309k to $359k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massasoit Community College Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Shoals Scholar Dollars Foundation Inc ($359k), Beta Nu Boule Education Foundation ($359k) and Owasso Cheerleader Booster Club Ocbc ($359k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.2m against liabilities of $25k, net assets of $2.1m.