Carroll Technology Council Inc

Analysis

Carroll Technology Council Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in August 2005, 21 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, Carroll Technology Council Inc reported income of $389k and spending of $301k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $190k to $389k (+105%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 221%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carroll Technology Council Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Community Foundation of Ellis ($389k), Biotechnology Incubator at Nymc Inc ($389k) and Franklin-Southampton Economic Development Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $101k (34% of expenses). Other salaries and wages came to $18k. At year end it held assets of $369k against liabilities of $176k, net assets of $193k. It reported 2 employees.