The Foundation for Muskegon Community College Inc

Analysis

The Foundation for Muskegon Community College Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in June 1981, 45 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation for Muskegon Community College Inc reported income of $493k and spending of $339k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $357k to $493k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation for Muskegon Community College Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Huntsville Volunteer Fire Dept ($493k), Shoreline-Lake Forest Park Arts Council ($493k) and Miami County Community Foundation ($493k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.