Seminole State College Educational Foundation Inc

Analysis

Seminole State College Educational Foundation Inc is a registered charity in United States, based in Seminole, OK. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Seminole State College Educational Foundation Inc reported income of $3.4m and spending of $2.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $978k to $3.4m (+249%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seminole State College Educational 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 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Concord University Foundation Inc ($3.4m), Miami-Dade Family Learning Partnership Inc ($3.4m) and Heuser Hearing & Language Academy Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 4.6% of the total. Other salaries and wages came to $81k. At year end it held assets of $15.4m against liabilities of $7.3m, net assets of $8.1m. It reported 1 employees.