Piedmont Technical College Foundation Inc

Analysis

Piedmont Technical College Foundation Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in December 1975, 51 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 June 2024, Piedmont Technical College Foundation Inc reported income of $902k and spending of $936k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $902k (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piedmont Technical College Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Finishing Trades Institute District Council 10 ($902k), Cfa Institute Research Foundation ($902k) and Global Education Ministries ($902k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% of the total. Other salaries and wages came to $51k. At year end it held assets of $11.4m against liabilities of $25k, net assets of $11.3m.