Mountain Gateway Community College Real Estate Foundation

Analysis

Mountain Gateway Community College Real Estate Foundation is a registered charity in United States, based in Clifton Forge, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mountain Gateway Community College Real Estate Foundation reported income of $1.3m and spending of $59k, leaving 95% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $854k to $1.3m (+48%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 290%. Over the whole period it spent 3.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Gateway Community College Real Estate Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Southside Christian School ($1.3m), Play Groups School ($1.3m) and A M I E Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 1.3% of the total. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m.