Tech Goes Home Incorporated

Analysis

Tech Goes Home Incorporated is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. 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 Goes Home Incorporated reported income of $6.8m and spending of $7.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $6.8m (+211%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tech Goes Home Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Jobforward Inc ($6.8m), Foundations Health and Wholeness Inc ($6.8m) and The National Association of State Energy Officials ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $402k (5.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.3m against liabilities of $888k, net assets of $4.4m. It reported 32 employees.