Mayland Community College Enterprise Corporation

Analysis

Mayland Community College Enterprise Corporation is a registered charity in United States, based in Spruce Pine, NC. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mayland Community College Enterprise Corporation reported income of $351k and spending of $312k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $167k to $351k (+111%), an average of +111% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mayland Community College Enterprise Corporation 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 63rd percentile within NC. Charities of a similar size with the same main cause include Literacy International ($351k), Deep Foundations Instituteeducational Trust ($351k) and Fern Creek High School Alumni Association Inc ($351k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $138k. At year end it held assets of $93k against liabilities of $49k, net assets of $44k. It reported 11 employees.