Central Tech Foundation Inc

Analysis

Central Tech Foundation Inc is a registered charity in United States, based in Drumright, OK. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Central Tech Foundation Inc reported income of $61k and spending of $18k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $50k to $61k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Tech Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within OK. Charities of a similar size with the same main cause include Telford Diving and Rescue Unit ($61k), Indiana Medical Foundation Inc ($61k) and PTA Texas Congress ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $506k against liabilities of $0, net assets of $506k.