Tec Centro Foundation

Analysis

Tec Centro Foundation is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tec Centro Foundation reported income of $106k and spending of $7,074, leaving 93% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income fell from $201k to $106k (-47%), an average of -27% a year. The sharpest change came in the year to June 2022, when income dropped by 108%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tec Centro Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Argentine Betterment Corporation ($106k), Helping Individuals Succeed Inc ($106k) and Life Changing Foundation Corporation ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 114% of the total. At year end it held assets of $535k against liabilities of $178k, net assets of $356k.