Mount Vernon Community School District Foundation

Analysis

Mount Vernon Community School District Foundation is a registered charity in United States, based in Mount Vernon, IA. It received its IRS tax-exemption ruling in April 1988, 38 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, Mount Vernon Community School District Foundation reported income of $1.8m and spending of $501k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $451k to $1.8m (+300%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 182%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Vernon Community School District Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Potomac Appalachian Trail Club Inc ($1.8m), The Wireless Foundation ($1.8m) and Childrens Care Development Center Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.