Northeastern Technical College Foundation

Analysis

Northeastern Technical College Foundation is a registered charity in United States, based in Cheraw, SC. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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 2023, Northeastern Technical College Foundation reported income of $403k and spending of $204k, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $216k to $403k (+87%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeastern Technical College Foundation 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 67th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Childrens Workshop ($403k), Seneca Valley Choral Boosters ($403k) and St Luke Association ($403k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.