Clover Park Technical College Foundation

Analysis

Clover Park Technical College Foundation is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Clover Park Technical College Foundation reported income of $515k and spending of $310k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $899k to $515k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clover Park Technical College Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Returning Veterans Project ($515k), Mission Projects Inc ($515k) and Social Security Works Education Fund ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.7% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.