Technical Assistance Corp

Analysis

Technical Assistance Corp is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Technical Assistance Corp reported income of $1.8m and spending of $227k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8,098 to $1.8m (+22030%), an average of +286% a year. The sharpest change came in the year to December 2020, when income rose by 8794%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Technical Assistance Corp sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Bank Administration Institute ($1.8m), North Florida Workforce Development Board Inc NFWDB ($1.8m) and Thornton Township Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. At year end it held assets of $11.0m against liabilities of $1.5m, net assets of $9.5m.