Tech901

Analysis

Tech901 is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2015, 11 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, Tech901 reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tech901 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Lutheran Elementary School Association ($1.8m), Okeechobee Christian Academy Inc ($1.8m) and Iit Delhi Endowment Fund US ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $289k (19% of expenses). Other salaries and wages came to $556k. At year end it held assets of $1.7m against liabilities of $417k, net assets of $1.3m. It reported 9 employees.