Montgomery College Foundation Inc

Analysis

Montgomery College Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 1983, 43 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, Montgomery College Foundation Inc reported income of $7.5m and spending of $7.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.1m to $7.5m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2020, when income rose by 23%. 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, Montgomery College Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Center for Educational Innovation ($7.5m), University of the West ($7.5m) and International Womens Forum ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. At year end it held assets of $110.9m against liabilities of $66.6m, net assets of $44.3m.