Computer Banc

Analysis

Computer Banc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in May 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, Computer Banc reported income of $268k and spending of $284k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $294k to $268k (-8.8%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Computer Banc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Touro Law Center Development Foundation Inc ($268k), Alaska Society for Technology in ($268k) and American Friends of Heriot-Watt University ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $78k (27% of expenses). Other salaries and wages came to $137k. At year end it held assets of $206k against liabilities of $177k, net assets of $29k. It reported 6 employees.