Center for Applied Research & Technology Inc

Analysis

Center for Applied Research & Technology Inc is a registered charity in United States, based in Princeton, WV. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2023, Center for Applied Research & Technology Inc reported income of $957k and spending of $462k, leaving 52% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $426k to $957k (+125%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Applied Research & Technology Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within WV. Charities of a similar size with the same main cause include Young Families Early Head Start Inc ($956k), After School Discovery Inc ($957k) and Asheville Glass Art School ($956k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $218k (47% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.8m against liabilities of $8,512, net assets of $1.8m. It reported 5 employees.