College of the Mainland Foundation Inc

Analysis

College of the Mainland Foundation Inc is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in September 2007, 19 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 August 2023, College of the Mainland Foundation Inc reported income of $1.8m and spending of $1.4m, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $734k to $1.8m (+141%), an average of +24% a year. The sharpest change came in the year to August 2020, when income rose by 161%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of the Mainland Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Holly Drive Leadership Academy ($1.8m), South Broward Montessori Charter School Corp ($1.8m) and Trinity Classical Academy ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $7.8m against liabilities of $96k, net assets of $7.7m.