Tech Corps

Analysis

Tech Corps is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tech Corps reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tech Corps 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 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Parsons Blewett Memorial Fund ($2.4m), United Methodist Higher Education Foundation ($2.4m) and Flint Hills Christian School Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $186k (7.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $98k, net assets of $2.4m. It reported 206 employees.