The Mississippi Gulf Coast Community College Foundation Inc

Analysis

The Mississippi Gulf Coast Community College Foundation Inc is a registered charity in United States, based in Perkinston, MS. It received its IRS tax-exemption ruling in December 1916, 110 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, The Mississippi Gulf Coast Community College Foundation Inc reported income of $1.7m and spending of $1.2m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.7m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Mississippi Gulf Coast Community College Foundation Inc 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 85th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include Central Vermont Adult Basic Education Inc ($1.7m), Hennepin Technical College Foundation ($1.7m) and Wolfeboro Camp School Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $19.5m against liabilities of $709k, net assets of $18.8m.