Greenville Tech Foundation Inc

Analysis

Greenville Tech Foundation Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 1974, 52 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, Greenville Tech Foundation Inc reported income of $5.9m and spending of $4.1m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.2m to $5.9m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenville Tech Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Washington Academy ($5.9m), Baker Demonstration School Inc ($5.9m) and Hoboken Charter School Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $168k (4.1% of expenses). Other salaries and wages came to $145k. At year end it held assets of $46.9m against liabilities of $11.1m, net assets of $35.8m.