Mesalands Community College Foundation Inc

Analysis

Mesalands Community College Foundation Inc is a registered charity in United States, based in Tucumcari, NM. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, Mesalands Community College Foundation Inc reported income of $333k and spending of $77k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $193k to $333k (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mesalands Community College Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NM. Charities of a similar size with the same main cause include Nashoba Valley Youth Soccer League Inc ($333k), Imbler Education Foundation Inc ($334k) and Jefferson County School District No 251 Education Foundation Inc ($333k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.7% of the total. At year end it held assets of $3.9m against liabilities of $332k, net assets of $3.5m.