York Technical College Foundation Inc

Analysis

York Technical College Foundation Inc is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, York Technical College Foundation Inc reported income of $1.4m and spending of $2.4m, spending 174% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $714k to $1.4m (+91%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 292%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, York Technical College Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Logos Classical Academy Inc ($1.4m), Howland Public Library ($1.4m) and Dominion Ridge Academy ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $60k (2.5% of expenses). Other salaries and wages came to $35k. At year end it held assets of $16.8m against liabilities of $1.9m, net assets of $14.9m.