Jefferson Community and Technical College Foundation Inc

Analysis

Jefferson Community and Technical College Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jefferson Community and Technical College Foundation Inc reported income of $1.4m and spending of $919k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.4m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2023, when income rose by 120%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jefferson Community and Technical College Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include American College of Real Estate Lawyers ($1.4m), Foliocollaborative Inc ($1.4m) and Blue Ridge Partnership for Children ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $6.7m against liabilities of $2,876, net assets of $6.7m.