Mountain Empire Community College Foundation

Analysis

Mountain Empire Community College Foundation is a registered charity in United States, based in Big Stone Gap, VA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Mountain Empire Community College Foundation reported income of $1.9m and spending of $1.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.9m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Empire Community College Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include St Albans Episcopal Day School Inc ($1.9m), Florida Conservation Voters Education Fund Inc ($1.9m) and North Central Michigan College Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $459k. At year end it held assets of $36.2m against liabilities of $796k, net assets of $35.4m.