Merced College Foundation

Analysis

Merced College Foundation is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in July 1974, 52 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, Merced College Foundation reported income of $1.6m and spending of $1.9m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $930k to $1.6m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 160%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Merced College Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include 4point0 Schools ($1.6m), Stanford Professionals in Real Estate NC ($1.6m) and Piloted Schools of Nevada Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $10.4m against liabilities of $642k, net assets of $9.8m.