Midlands Technical College Foundation Inc

Analysis

Midlands Technical College Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in October 1970, 56 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 2024, Midlands Technical College Foundation Inc reported income of $3.8m and spending of $1.5m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $3.8m (+254%), an average of +37% a year. The sharpest change came in the year to June 2021, when income rose by 123%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midlands Technical College Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Columbia Day Care Program Incorporated ($3.8m), Montessori Elementary at Highland Park ($3.8m) and Iowa State University Alumni Association ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $135k (8.9% of expenses). Other salaries and wages came to $229k. At year end it held assets of $20.5m against liabilities of $185k, net assets of $20.4m.