Tech Foundation Inc

Analysis

Tech Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Tech Foundation Inc reported income of $425k and spending of $426k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $425k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 167%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tech Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Jewish Charity Review Inc ($425k), Outreach of America Inc ($425k) and Military Charity Organization ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $256, net assets of $1.2m.