New York State Technology Enterprise Corporation

Analysis

New York State Technology Enterprise Corporation is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, New York State Technology Enterprise Corporation reported income of $92.7m and spending of $81.2m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $47.0m to $92.7m (+97%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York State Technology Enterprise Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Easterseals-Goodwill Northern Rocky Mountain Inc ($92.7m), The Child Center of Ny Inc ($92.8m) and American National Standards Institute ($92.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.2m (4.0% of expenses). Other salaries and wages came to $36.8m. At year end it held assets of $79.5m against liabilities of $19.2m, net assets of $60.4m. It reported 362 employees.