Technology for Rural Enhancement of Communities

Analysis

Technology for Rural Enhancement of Communities is a registered charity in United States, based in Belle Fourche, SD. It received its IRS tax-exemption ruling in January 1994, 32 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, Technology for Rural Enhancement of Communities reported income of $2.1m and spending of $2.3m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.1m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Technology for Rural Enhancement of Communities sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within SD. Charities of a similar size with the same main cause include Local 57 Operating Engineers Apprenticeship & Skill Improvement ($2.1m), Black Leaders Detroit ($2.1m) and Manhattan Bowery Management Corp ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $129k (5.6% of expenses). Other salaries and wages came to $923k. At year end it held assets of $1.3m against liabilities of $193k, net assets of $1.1m. It reported 37 employees.