Tech Frederick Inc

Analysis

Tech Frederick Inc is a registered charity in United States, based in Monrovia, MD. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Frederick Inc reported income of $423k and spending of $402k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $423k (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tech Frederick Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Western New York Center for the Visually Impaired Inc ($423k), Junior League of Indianapolis Inc ($423k) and Suits for Seniors Inc ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $80k (20% of expenses). At year end it held assets of $149k against liabilities of $900, net assets of $148k. It reported 2 employees.