The Pop Tech Institute

Analysis

The Pop Tech Institute is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Pop Tech Institute reported income of $373k and spending of $440k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $655k to $373k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Pop Tech Institute sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Coastal Carolina Community College Foundation Inc ($373k), Learning for Living Institute ($373k) and First Addition Extension ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Other salaries and wages came to $127k. At year end it held assets of $42k against liabilities of $769k, net assets of -$727k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.