McDowell Technical Community College Foundation Incorporated

Analysis

McDowell Technical Community College Foundation Incorporated is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, McDowell Technical Community College Foundation Incorporated reported income of $764k and spending of $206k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $147k to $764k (+419%), an average of +51% a year. The sharpest change came in the year to June 2024, when income rose by 505%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McDowell Technical Community College Foundation Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Hope Ignites Baltimore Inc ($764k), Safety & Health Council of N H ($764k) and Big Brothers & Big Sisters of the Big Bend Inc ($764k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.