Central Carolina Technical College Foundation Inc

Analysis

Central Carolina Technical College Foundation Inc is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in December 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, Central Carolina Technical College Foundation Inc reported income of $394k and spending of $268k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $139k to $394k (+182%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Carolina Technical College Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Dewannas Community Closet a Nonprofit Corporation ($394k), Miami Beach Chamber Education Foundation ($394k) and Parent Booster USA Inc ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. At year end it held assets of $2.6m against liabilities of $51k, net assets of $2.6m.