Mt Vernon Education Foundation Inc

Analysis

Mt Vernon Education Foundation Inc is a registered charity in United States, based in Fortville, IN. It received its IRS tax-exemption ruling in March 2008, 18 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 July 2023, Mt Vernon Education Foundation Inc reported income of $170k and spending of $140k, spending 82% of its income. Across the 3 years on record, from July 2021 to July 2023, income fell from $205k to $170k (-17%), an average of -9.0% a year. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mt Vernon Education Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include PTA Vermont Congress ($170k), Faith Bible College ($170k) and Nebraska Maintenance Acadmey ($170k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $209k against liabilities of $5,737, net assets of $204k.