Naugatuck Valley Community Technical College Foundation

Analysis

Naugatuck Valley Community Technical College Foundation is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in April 1972, 54 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 2024, Naugatuck Valley Community Technical College Foundation reported income of $545k and spending of $453k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $386k to $545k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Naugatuck Valley Community Technical College Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Swainsboro Presbyterian Housing Corporation ($545k), Tobias Community Inc ($546k) and Flat Rock Childrens Home of the United Methodist Church ($545k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% of the total. At year end it held assets of $3.1m against liabilities of $1,782, net assets of $3.1m.