Polk County Higher Education & Technology Foundation

Analysis

Polk County Higher Education & Technology Foundation is a registered charity in United States, based in Livingston, TX. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Polk County Higher Education & Technology Foundation reported income of $265k and spending of $219k, spending 83% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $253k to $265k (+4.5%), an average of +4.5% a year. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Polk County Higher Education & Technology Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Working Adults Learning Lifelong Skills Inc ($265k), Homer-Cortland Community Agency Inc ($265k) and Kingdom Projects Inc ($265k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 35% of the total. Other salaries and wages came to $55k. At year end it held assets of $376k against liabilities of $74k, net assets of $301k. It reported 1 employees.