Augusta Technical College Foundation Inc

Analysis

Augusta Technical College Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Augusta Technical College Foundation Inc reported income of $2.3m and spending of $710k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $2.3m (+529%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 627%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Augusta Technical College Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Faith in Serving Humanity Inc ($2.3m), New Song Community Learning Ctr Inc ($2.3m) and Housing Opportunities & Maintenance for the Elderly Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $11.5m against liabilities of $1.2m, net assets of $10.3m.