Central Georgia Technical College Foundation Inc

Analysis

Central Georgia Technical College Foundation Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in July 1991, 35 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, Central Georgia Technical College Foundation Inc reported income of $1.8m and spending of $2.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.8m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Georgia Technical College Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Spirit of Soccer Inc ($1.8m), Bangor Homes Non-Profit Housing Corporation ($1.8m) and Peace Dale United Church Housing Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $4.7m against liabilities of $2.3m, net assets of $2.4m.