Robotics Education and Competition Foundation Inc

Analysis

Robotics Education and Competition Foundation Inc is a registered charity in United States, based in Greenville, TX. It received its IRS tax-exemption ruling in April 2007, 19 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 August 2023, Robotics Education and Competition Foundation Inc reported income of $21.9m and spending of $18.8m, spending 86% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $13.6m to $21.9m (+62%), an average of +17% a year. The sharpest change came in the year to August 2022, when income rose by 72%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Robotics Education and Competition Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Lycee Francais de Chicago Inc ($21.9m), Kceoc Community Action Partnership Inc ($22.0m) and Gibault Inc ($21.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $574k (3.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $15.3m against liabilities of $6.0m, net assets of $9.3m. It reported 40 employees.