Technology Industry Group

Analysis

Technology Industry Group is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Technology Industry Group reported income of $133k and spending of $254k, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $278k to $133k (-52%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Technology Industry Group sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Philadelphia Community Corps ($133k), Darlington Community Revitalization Inc ($133k) and James R Cook Labor Agency ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $520k against liabilities of $0, net assets of $520k.