Aiken Technical College Foundation Inc

Analysis

Aiken Technical College Foundation Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in February 1978, 48 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, Aiken Technical College Foundation Inc reported income of $418k and spending of $445k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $536k to $418k (-22%), an average of -8.0% a year. The sharpest change came in the year to June 2022, when income rose by 145%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aiken Technical College Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include West Des Moines Girls Softball Association ($418k), Marydell Faith and Life Center Inc ($418k) and Americans for Native Americans ($418k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $61k (14% of expenses). Other salaries and wages came to $72k. At year end it held assets of $7.4m against liabilities of $7,957, net assets of $7.4m.