Out in Tech Inc

Analysis

Out in Tech Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 2023, Out in Tech Inc reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $596k to $2.2m (+265%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Out in Tech Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include City Club of Cleveland ($2.2m), Champion Schools Inc ($2.2m) and Hope Haven of Northeast Georgia Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $259k (14% of expenses). Other salaries and wages came to $893k. At year end it held assets of $3.2m against liabilities of $46k, net assets of $3.2m. It reported 11 employees.