Randolph Technical College Foundation Inc

Analysis

Randolph Technical College Foundation Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in February 1980, 46 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 2024, Randolph Technical College Foundation Inc reported income of $1.4m and spending of $655k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $476k to $1.4m (+202%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 542%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Randolph Technical College Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Community System Navigators ($1.4m), Boy Scouts of America ($1.4m) and Rubicon Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% of the total. At year end it held assets of $16.1m against liabilities of $2,920, net assets of $16.0m.