Regional Technical Education Center Inc

Analysis

Regional Technical Education Center Inc is a registered charity in United States, based in Yankton, SD. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Regional Technical Education Center Inc reported income of $412k and spending of $469k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $412k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 285%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Regional Technical Education Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within SD. Charities of a similar size with the same main cause include Sedalia Heritage Foundation Inc ($412k), Wisconsin Farmers Union Foundation Inc ($412k) and Learning Center K-8 School ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $91k (19% of expenses). Other salaries and wages came to $138k. At year end it held assets of $253k against liabilities of $66k, net assets of $187k. It reported 7 employees.