Slater Technology Fund Inc

Analysis

Slater Technology Fund Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Slater Technology Fund Inc reported income of $818k and spending of $2.4m, spending 290% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $818k (-63%), an average of -22% a year. The sharpest change came in the year to June 2021, when income rose by 140%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Slater Technology Fund Inc 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 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Association for Surgical Education Inc ($818k), Ballroom Cultural Arts Foundation ($818k) and Village Theater Company ($818k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $600k (25% of expenses). Other salaries and wages came to $112k. At year end it held assets of $14.2m against liabilities of $143k, net assets of $14.1m. It reported 3 employees.