Technical College of the Lowcountry Foundation Incorporated

Analysis

Technical College of the Lowcountry Foundation Incorporated is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in April 1984, 42 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, Technical College of the Lowcountry Foundation Incorporated reported income of $452k and spending of $389k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $708k to $452k (-36%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 44%. 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, Technical College of the Lowcountry Foundation Incorporated sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Providence Academy ($452k), Wisconsin Masonic Foundation ($452k) and Lake Washington High School Booster Club ($451k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $45k. At year end it held assets of $8.4m against liabilities of $5.1m, net assets of $3.3m.