Wisconsin Technology Council Inc

Analysis

Wisconsin Technology Council Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Wisconsin Technology Council Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.2m to $1.0m (-12%), an average of -2.5% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wisconsin Technology Council Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Oak Creek Day Habilitaton Vocational Center ($1.0m), Transform 1012 N Main Street ($1.0m) and Working Partnerships Incorporated ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $284k (27% of expenses). Other salaries and wages came to $211k. At year end it held assets of $294k against liabilities of $135k, net assets of $159k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.