Hagerstown Community College Foundation Inc

Analysis

Hagerstown Community College Foundation Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in October 1968, 58 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 June 2023, Hagerstown Community College Foundation Inc reported income of $2.0m and spending of $1.3m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 429%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hagerstown Community College Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Master Brewers Association of the Americas Inc ($2.0m), Bettis Preparatory School Incorporated ($2.0m) and Code in the Schools Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $23.8m against liabilities of $111k, net assets of $23.7m.