Mount Wachusett Community College Foundation Inc

Analysis

Mount Wachusett Community College Foundation Inc is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Wachusett Community College Foundation Inc reported income of $820k and spending of $846k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $820k (-21%), an average of -7.5% a year. The sharpest change came in the year to June 2022, when income rose by 160%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Wachusett Community College Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Project Yes Inc ($820k), Flint Electrical Joint Apprenticeship Training Committee ($820k) and Wyspa Dzieci Learning Center ($820k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $9.3m against liabilities of $76k, net assets of $9.2m.