Morrisville College Foundation Inc

Analysis

Morrisville College Foundation Inc is a registered charity in United States, based in Morrisville, NY. It received its IRS tax-exemption ruling in December 1976, 50 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 June 2023, Morrisville College Foundation Inc reported income of $6.1m and spending of $4.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.1m (+12%), an average of +2.8% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morrisville College Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Teamcfa Community Public Charter ($6.1m), Horizon Science Academy-Cleveland Middle School ($6.1m) and School of the Woods ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. At year end it held assets of $24.2m against liabilities of $22.6m, net assets of $1.6m.