Owensboro Community and Technical College Foundation Inc

Analysis

Owensboro Community and Technical College Foundation Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Owensboro Community and Technical College Foundation Inc reported income of $948k and spending of $325k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $683k to $948k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 105%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Owensboro Community and Technical College Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Montessori Public Policy Initiative ($948k), East Hill Academy Inc ($948k) and Sylvester H Reed Memorial Trust ($948k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.2% of the total. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.