Microtek Inc

Analysis

Microtek Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Microtek Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $595k to $1.4m (+136%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 152%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Microtek Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Raphah Institute ($1.4m), Boardman Community Development Association ($1.4m) and Manufacturing Extension Partnership of New Hampshire Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 13% of the total. Compensation of current officers, directors and key employees was $159k (13% of expenses). Other salaries and wages came to $586k. At year end it held assets of $5.5m against liabilities of $1.6m, net assets of $3.9m. It reported 99 employees.