Hillsborough Consortium for Technology and Education Inc

Analysis

Hillsborough Consortium for Technology and Education Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hillsborough Consortium for Technology and Education Inc reported income of $239k and spending of $178k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $239k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income rose by 223%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hillsborough Consortium for Technology and Education Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Edward & Willa Kelly Community Collaborative Inc ($239k), Patriarchs Club ($239k) and The Greater Baltimore Board of Realtors Charitable Foundation Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $71k (40% of expenses). Other salaries and wages came to $33k. At year end it held assets of $902k against liabilities of $1,754, net assets of $900k.