McClouds Computer & Skills Training Center Inc

Analysis

McClouds Computer & Skills Training Center Inc is a registered charity in United States, based in Winterville, NC. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, McClouds Computer & Skills Training Center Inc reported income of $497k and spending of $380k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $460k to $497k (+7.9%), an average of +7.9% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McClouds Computer & Skills Training Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Trotwood Community Improvement Corporation ($496k), Building and Supporting Entrepreneurship of Se Lancaster ($497k) and Historic Eastside Community Development Corporation ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $347k. At year end it held assets of $121k against liabilities of $31k, net assets of $90k.