McLennan Community College Foundation

Analysis

McLennan Community College Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 1990, 36 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 August 2023, McLennan Community College Foundation reported income of $3.4m and spending of $908k, leaving 73% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $3.4m (+95%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 94%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McLennan Community College Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Charlotte Bilingual Preschool Inc ($3.4m), Chaparral Star Academy Inc ($3.4m) and Hillsboro Charter Academy ($3.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $32.7m against liabilities of $91k, net assets of $32.6m.