Technology Student Association

Analysis

Technology Student Association is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Technology Student Association reported income of $3.3m and spending of $2.9m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.2m to $3.3m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to August 2021, when income rose by 83%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Technology Student Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Creative Montessori School Inc ($3.3m), Escuela de LA Raza Unida ($3.3m) and Wicomico County Free Library Inc ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $211k (7.2% of expenses). Other salaries and wages came to $749k. At year end it held assets of $4.6m against liabilities of $429k, net assets of $4.2m. It reported 12 employees.