Tech for Troops

Analysis

Tech for Troops is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Tech for Troops reported income of $833k and spending of $740k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $833k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tech for Troops 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 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Florida Public Radio Inc ($833k), Dream Catchers ($833k) and Ibew 117-Jatc ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 62% of the total. Other salaries and wages came to $435k. At year end it held assets of $435k against liabilities of $101k, net assets of $334k. It reported 26 employees.