Material Handling Educational Foundation Inc

Analysis

Material Handling Educational Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Material Handling Educational Foundation Inc reported income of $722k and spending of $257k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $722k (+222%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 251%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Material Handling Educational 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 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include American Public Square Inc ($722k), Royall House Association ($722k) and Bac Adc of New Jersey Apprentice Training & Educational Fund ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.8m against liabilities of $31, net assets of $1.8m.