Technical Employment Training Inc

Analysis

Technical Employment Training Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Technical Employment Training Inc reported income of $656k and spending of $790k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $656k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Technical Employment Training Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include The Uhnw Institute ($656k), Felicidad Foundation ($656k) and Cape Fear Literacy Council ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $142k (18% of expenses). Other salaries and wages came to $225k. At year end it held assets of $648k against liabilities of $780k, net assets of -$131k. It reported 12 employees.