Tech Frontier Dba Fab Lab El Paso

Analysis

Tech Frontier Dba Fab Lab El Paso is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tech Frontier Dba Fab Lab El Paso reported income of $601k and spending of $738k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $601k (+180%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tech Frontier Dba Fab Lab El Paso sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Young Voices of Colorado ($601k), Alianza de Museos de Puerto Rico ($601k) and Oil Creek Railway Historical Society Inc ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (13% of expenses). Other salaries and wages came to $426k. It paid $390 in professional fundraising fees. At year end it held assets of $221k against liabilities of $88k, net assets of $134k.