Montgomery Community College Foundation Inc

Analysis

Montgomery Community College Foundation Inc is a registered charity in United States, based in Troy, NC. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Montgomery Community College Foundation Inc reported income of $705k and spending of $1.4m, spending 205% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $397k to $705k (+78%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 203%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery Community College Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include PTA Texas Congress ($705k), National Church Residences ($705k) and Focus on Community Inc ($705k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 68% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.