Chattanooga Technology Council

Analysis

Chattanooga Technology Council is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Chattanooga Technology Council reported income of $240k and spending of $250k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $247k to $240k (-2.8%), an average of -1.4% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chattanooga Technology Council sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Ccidc Inc ($240k), Club A-Elita Inc ($241k) and Kings Fair Pledge Foundation Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Other salaries and wages came to $169k. At year end it held assets of $37k against liabilities of $5,810, net assets of $31k. It reported 4 employees.