Foundation for Applied Technical Vocational Education Inc

Analysis

Foundation for Applied Technical Vocational Education Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 June 2024, Foundation for Applied Technical Vocational Education Inc reported income of $422k and spending of $402k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $203k to $422k (+107%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 96% 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 Technical Vocational Education Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include St Patricks Catholic Bookstore Inc ($422k), African American Empowerment Coalition ($422k) and Habitat for Humanity International Inc ($422k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $4.0m against liabilities of $1.9m, net assets of $2.2m.