Horry-Georgetown Technical College Foundation Incorporated

Analysis

Horry-Georgetown Technical College Foundation Incorporated is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in May 1979, 47 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, Horry-Georgetown Technical College Foundation Incorporated reported income of $4.1m and spending of $1.1m, leaving 74% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $4.1m (+101%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 92%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horry-Georgetown Technical College Foundation Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Spokane Colleges Foundation ($4.1m), Council on Occupational Education Inc ($4.1m) and Programs for Infants and Children Inc-Pic Inc ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $423k. At year end it held assets of $18.4m against liabilities of $17k, net assets of $18.4m. It reported 5 employees.