Ceramic Tile Education Foundation

Analysis

Ceramic Tile Education Foundation is a registered charity in United States, based in Pendleton, SC. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ceramic Tile Education Foundation reported income of $704k and spending of $602k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $494k to $704k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ceramic Tile Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Indiana Association for Community Economic Development Inc ($703k), Downtown Chambersburg Inc ($704k) and Somanli American United Council of Arizona ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $127k (21% of expenses). At year end it held assets of $341k against liabilities of $123k, net assets of $218k. It reported 2 employees.