Tech Foundry Inc

Analysis

Tech Foundry Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tech Foundry Inc reported income of $978k and spending of $810k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $491k to $978k (+99%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 115%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tech Foundry Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Chetek Weyerhaeuser Scholarship Foundation Inc ($978k), SRS Education ($979k) and Promys Foundation ($978k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Other salaries and wages came to $508k. At year end it held assets of $589k against liabilities of $191k, net assets of $398k. It reported 10 employees.