Mineral Area College Foundation Inc

Analysis

Mineral Area College Foundation Inc is a registered charity in United States, based in Park Hills, MO. It received its IRS tax-exemption ruling in December 1984, 42 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mineral Area College Foundation Inc reported income of $766k and spending of $315k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $438k to $766k (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 870%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mineral Area College 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 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include San Angelo Symphony Society ($766k), Roseville Youth Hockey Association Inc ($767k) and Boys and Girls Club of Hamilton Inc ($766k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $4.6m against liabilities of $253k, net assets of $4.3m.