Cumberland County Technical Education Center Foundation Inc

Analysis

Cumberland County Technical Education Center Foundation Inc is a registered charity in United States, based in Vineland, NJ. It received its IRS tax-exemption ruling in July 2022, 4 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, Cumberland County Technical Education Center Foundation Inc reported income of $214k and spending of $119k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $20k to $214k (+959%), an average of +80% a year. The sharpest change came in the year to June 2021, when income rose by 277%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cumberland County Technical Education Center Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Healdsburg Rotary Scholarship Fund ($214k), Islamic Cultural Preservation & Information Council ($214k) and Common Ground Collaborative Foundation ($214k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.3m against liabilities of $7,051, net assets of $1.3m.