Technology Entrepreneur Center Inc

Analysis

Technology Entrepreneur Center Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2004, 22 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 (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, Technology Entrepreneur Center Inc reported income of $4.0m and spending of $4.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $4.0m (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Technology Entrepreneur Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Canopy Nwa ($4.0m), Kindred Futures Inc ($4.0m) and Shasta County Private Industry ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $147k (3.5% of expenses). Other salaries and wages came to $502k. At year end it held assets of $13.7m against liabilities of $6.6m, net assets of $7.1m. It reported 9 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.