Wake Technical Community College Foundation Inc

Analysis

Wake Technical Community College Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1968, 58 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, Wake Technical Community College Foundation Inc reported income of $4.7m and spending of $3.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.7m (+90%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wake Technical Community College Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Five County Child Development Program Inc ($4.7m), Education Reimagined ($4.7m) and Tucson International School Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $37k (1.1% of expenses). Other salaries and wages came to $354k. At year end it held assets of $27.8m against liabilities of $61k, net assets of $27.8m. It reported 8 employees.