Renton Technical College Foundation

Analysis

Renton Technical College Foundation is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, Renton Technical College Foundation reported income of $2.5m and spending of $812k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $517k to $2.5m (+385%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 312%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renton Technical College Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Steel Academy Foundation ($2.5m), Theodore R and Thelma a Gibson Charter School Inc ($2.5m) and Shady Lane ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. It paid $5,000 in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $5,845, net assets of $4.5m.