MC Neese State University Foundation

Analysis

MC Neese State University Foundation is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, MC Neese State University Foundation reported income of $10.4m and spending of $8.7m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.1m to $10.4m (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MC Neese State University Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Sugar Valley Rural Charter School ($10.4m), Hebrew Educational Society of Brooklyn ($10.4m) and Southeast Neighborhood School of Excellence Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $449k. At year end it held assets of $110.0m against liabilities of $8.1m, net assets of $101.9m.