Lanier Technical College Foundation Inc

Analysis

Lanier Technical College Foundation Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in August 1986, 40 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, Lanier Technical College Foundation Inc reported income of $682k and spending of $497k, leaving 27% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $531k to $682k (+28%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 318%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lanier Technical College Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include The Childrens School ($682k), Net-Works Laguna Beach ($682k) and Circle of Faith Inc ($681k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.