Guilford Technical Community College Foundation Inc

Analysis

Guilford Technical Community College Foundation Inc is a registered charity in United States, based in Jamestown, NC. It received its IRS tax-exemption ruling in May 1967, 59 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 2023, Guilford Technical Community College Foundation Inc reported income of $1.4m and spending of $931k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Guilford Technical Community College Foundation 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 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Jackson County Education Coalition Inc ($1.4m), Blue Ridge Partnership for Children ($1.4m) and Covenant Childrens Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $17.7m against liabilities of $66k, net assets of $17.7m.