Mitchell Community College Foundation and Endowment for Excel

Analysis

Mitchell Community College Foundation and Endowment for Excel is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in September 1996, 30 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 June 2024, Mitchell Community College Foundation and Endowment for Excel reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $631k to $1.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 168%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mitchell Community College Foundation and Endowment for Excel sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include American Friends of Yeshivat Hesdder Sderot Inc ($1.0m), Pediatric Endowment Fund Inc ($1.0m) and Mayas Hope Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% of the total. At year end it held assets of $20.3m against liabilities of $0, net assets of $20.3m.