Alfred Technology Resources Inc

Analysis

Alfred Technology Resources Inc is a registered charity in United States, based in Painted Post, NY. It received its IRS tax-exemption ruling in September 1988, 38 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 June 2023, Alfred Technology Resources Inc reported income of $1.5m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.5m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alfred Technology Resources Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Chatham Business Association Inc ($1.5m), Martin Luther King Sr Community Resources Collaborative ($1.5m) and Governor Bob Orr Indiana Entrepreneurial Fellowship ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $126k (8.0% of expenses). Other salaries and wages came to $374k. At year end it held assets of $3.4m against liabilities of $1.5m, net assets of $1.9m. It reported 12 employees.