Springfield Technical Community College Foundation Inc

Analysis

Springfield Technical Community College Foundation Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 1985, 41 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, Springfield Technical Community College Foundation Inc reported income of $680k and spending of $356k, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $441k to $680k (+54%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 7966%. Over the whole period it spent 156% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Springfield Technical Community College Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Center for Life and Faith ($680k), Nashville Technology Council Foundation ($680k) and Coral Ridge Christian Academy Inc ($679k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m.