Foundation for Applied Construction Technology for Students Inc

Analysis

Foundation for Applied Construction Technology for Students Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 2023, Foundation for Applied Construction Technology for Students Inc reported income of $1.2m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $456k to $1.2m (+153%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 489687%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Applied Construction Technology for Students Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Human Growth Foundation ($1.2m), Imagine Possibilities Inc ($1.2m) and National Church Residences of ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $655k against liabilities of $15k, net assets of $640k.

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.