National Career Technical Education Foundation Inc

Analysis

National Career Technical Education Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Career Technical Education Foundation Inc reported income of $3.4m and spending of $3.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.4m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Career Technical Education Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Algona Community School Foundation ($3.4m), Christian Legal Society ($3.4m) and United Way Community Services Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $1.3m (40% of expenses). At year end it held assets of $4.4m against liabilities of $224k, net assets of $4.2m.