Gwinnett Tech Foundation Inc

Analysis

Gwinnett Tech Foundation Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Gwinnett Tech Foundation Inc reported income of $402k and spending of $777k, spending 193% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $402k (-75%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gwinnett Tech Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Portland Charter Partners ($401k), World Bank Community Connections Fund ($402k) and Kol Yehuda Inc ($401k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $9.1m against liabilities of $252k, net assets of $8.8m.