Mooresville Foundation for Excellence in Education

Analysis

Mooresville Foundation for Excellence in Education is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mooresville Foundation for Excellence in Education reported income of $62k and spending of $66k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $83k to $62k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mooresville Foundation for Excellence in Education sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Adventist Education Foundation ($62k), Mt Olive PTO Aka Mopto ($62k) and Los Puentes Education Foundation ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 127% of the total. At year end it held assets of $388k against liabilities of $0, net assets of $388k.