Drake State Technical College Foundation Inc

Analysis

Drake State Technical College Foundation Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in November 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, Drake State Technical College Foundation Inc reported income of $320k and spending of $248k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $229k to $320k (+39%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drake State Technical College Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Ensemble Music Society of Indianapolis Inc ($320k), Prairie Ridge Health Foundation Inc ($320k) and Napa Valley Art Association ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. It paid $289 in professional fundraising fees. At year end it held assets of $384k against liabilities of $0, net assets of $384k.