Techpoint Foundation Inc

Analysis

Techpoint Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Techpoint Foundation Inc reported income of $1.8m and spending of $873k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $906k to $1.8m (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 173%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Techpoint Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Ann Jerkins-Harris Academy of Excellence ($1.8m), Grace Mission University ($1.8m) and Wellpoint Care Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $174k (20% of expenses). Other salaries and wages came to $203k. At year end it held assets of $2.4m against liabilities of $153k, net assets of $2.2m. It reported 5 employees.