Mid Coast Construction Academy TR

Analysis

Mid Coast Construction Academy TR is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover employment, 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 June 2023, Mid Coast Construction Academy TR reported income of $903k and spending of $261k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $177k to $903k (+409%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 382%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mid Coast Construction Academy TR sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Lake County Jatc ($902k), Manning Betterment Foundation ($903k) and Connected Communities Inc ($901k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $69k. At year end it held assets of $676k against liabilities of $8,983, net assets of $667k. It reported 9 employees.