Asnuntuck Community-Technical College Foundatiion Inc

Analysis

Asnuntuck Community-Technical College Foundatiion Inc is a registered charity in United States, based in Enfield, CT. It received its IRS tax-exemption ruling in May 1999, 27 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 December 2022, Asnuntuck Community-Technical College Foundatiion Inc reported income of $294k and spending of $210k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $551k to $294k (-47%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asnuntuck Community-Technical College Foundatiion Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Quarry Hill School Inc ($294k), Plainfield Red Pride Band Boosters Inc ($294k) and Lakewood Christian Schools Foundation ($294k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 64% and program service revenue 39% of the total. At year end it held assets of $712k against liabilities of $45k, net assets of $667k.