Mount Vernon Rosenwald School Building

Analysis

Mount Vernon Rosenwald School Building is a registered charity in United States, based in Iron Station, NC. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Mount Vernon Rosenwald School Building reported income of $105k and spending of $27k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $105k (+254%), an average of +254% a year. The sharpest change came in the year to December 2023, when income rose by 254%. Over the whole period it spent 20% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Vernon Rosenwald School Building sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Helping Hands Community Resource Center ($105k), Loving Hands Community Development Corporation ($105k) and Community Improvement Corporation of Geneva ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.