Mountain Gateway Community College Educational Foundation

Analysis

Mountain Gateway Community College Educational Foundation is a registered charity in United States, based in Clifton Forge, VA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Mountain Gateway Community College Educational Foundation reported income of $434k and spending of $664k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $434k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mountain Gateway Community College Educational Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Chicago Dental Society Foundation ($434k), Sandhills Area Foundation Inc ($434k) and Hbcu Career Development Marketplace Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $9.3m against liabilities of $49k, net assets of $9.2m.