Sumter Technology Center Inc

Analysis

Sumter Technology Center Inc is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in September 2002, 24 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 June 2024, Sumter Technology Center Inc reported income of $76k and spending of $123k, spending 162% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $83k to $76k (-8.8%), an average of -1.8% a year. Over the whole period it spent 160% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sumter Technology Center Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include New Hampshire Excellence in Education Awards ($76k), Sye Initiative Inc ($76k) and Parent Booster USA Inc ($76k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.