Technica

Analysis

Technica is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in May 2018, 8 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, Technica reported income of $71k and spending of $146k, spending 206% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $120k to $71k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 193%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Technica sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Operator Foundation Inc ($71k), Louisiana Association of Student Assistance Programs ($71k) and Nehemiah International University ($71k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.