Applied Technology Council

Analysis

Applied Technology Council is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in June 1973, 53 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 (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, Applied Technology Council reported income of $4.0m and spending of $4.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $4.0m (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Applied Technology Council sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Public Broadcasting of Northwest Pennsylvania Inc ($4.0m), Boston Philharmonic Orchestra Corporation ($4.0m) and Gwinnett Championship Foundation Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $384k (9.1% of expenses). Other salaries and wages came to $842k. At year end it held assets of $8.8m against liabilities of $1.9m, net assets of $7.0m. It reported 8 employees.