America on Tech Inc

Analysis

America on Tech Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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, America on Tech Inc reported income of $3.7m and spending of $4.5m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $3.7m (+478%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, America on Tech Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Love Learn Success ($3.7m), Wonderscope Inc ($3.7m) and Western Michigan Christian High School ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $418k (9.2% of expenses). Other salaries and wages came to $2.0m. It paid $43k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $653k, net assets of $1.8m. It reported 32 employees.