Pinkney Innovation Complex for Science & Technology at Montgomery

Analysis

Pinkney Innovation Complex for Science & Technology at Montgomery is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pinkney Innovation Complex for Science & Technology at Montgomery reported income of $153k and spending of $114k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $185k to $153k (-17%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income rose by 172%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinkney Innovation Complex for Science & Technology at Montgomery sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Eta Theta Lampda Education Foundation ($153k), University of North Georgia Alumni Association Inc ($153k) and Adamo Education Inc ($153k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 42% of the total. At year end it held assets of $6.3m against liabilities of $5.6m, net assets of $759k.