Pennsylvania College of Technology Foundation Inc

Analysis

Pennsylvania College of Technology Foundation Inc is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, Pennsylvania College of Technology Foundation Inc reported income of $3.8m and spending of $2.1m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.8m (+26%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pennsylvania College of Technology Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include The Christian Academy ($3.8m), The George G Glenner Alzheimers Fam Ily Centers Incorporated ($3.8m) and National Railroad Museum Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $27.4m against liabilities of $110k, net assets of $27.3m.