Southeast Propane Technical Education Center Inc

Analysis

Southeast Propane Technical Education Center Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Southeast Propane Technical Education Center Inc reported income of $577k and spending of $1.8m, spending 313% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $620k to $577k (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeast Propane Technical Education Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Evergreen Academy ($577k), Institute for International Medicine ($577k) and Brienzas Educare Inc ($577k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% and program service revenue 69% of the total. At year end it held assets of $1.5m against liabilities of $923k, net assets of $571k.