Passaic County Technical Institute Educational Foundation

Analysis

Passaic County Technical Institute Educational Foundation is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in December 2000, 26 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 2023, Passaic County Technical Institute Educational Foundation reported income of $123k and spending of $109k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $123k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Passaic County Technical Institute Educational Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Nipomo High School Agriculture Friends ($123k), Education Couture NFP ($123k) and Carmel High School Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $801k against liabilities of $0, net assets of $801k.