University of Arkansas Community College Rich Mountain Foundation

Analysis

University of Arkansas Community College Rich Mountain Foundation is a registered charity in United States, based in Mena, AR. It received its IRS tax-exemption ruling in April 1986, 40 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 2023, University of Arkansas Community College Rich Mountain Foundation reported income of $350k and spending of $331k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $758k to $350k (-54%), an average of -18% a year. The sharpest change came in the year to June 2022, when income dropped by 68%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Arkansas Community College Rich Mountain Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AR. Charities of a similar size with the same main cause include Maker Effect Foundation Inc ($350k), Forsyth Community PCC LLC ($350k) and Central Texas Alternative Dispute Resolution ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 11% of the total. Other salaries and wages came to $42k. At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m.