Energetics Technology Center Inc

Analysis

Energetics Technology Center Inc is a registered charity in United States, based in Indian Head, MD. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Energetics Technology Center Inc reported income of $13.7m and spending of $13.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $13.7m (+182%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 131%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Energetics Technology Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include National Baseball Hall of Fame and Museum Inc ($13.7m), Arvada Center for the Arts and Humanities ($13.8m) and Discovery Science Center of Orange County ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $904k (6.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $178k. It reported 45 employees.