Tech Collective-Workforce Development Fund Inc

Analysis

Tech Collective-Workforce Development Fund Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 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 December 2021, Tech Collective-Workforce Development Fund Inc reported income of $734k and spending of $460k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.4m to $734k (-46%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tech Collective-Workforce Development Fund Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Mystic & Noank Library Inc ($734k), Nan Newark Tech World ($734k) and California School Nurse Organization State Level ($734k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $230k. At year end it held assets of $85k against liabilities of $67k, net assets of $19k. It reported 5 employees.