Emerging Technology Centers Inc

Analysis

Emerging Technology Centers Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1991, 35 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 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 June 2023, Emerging Technology Centers Inc reported income of $843k and spending of $813k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $843k (-65%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emerging Technology Centers Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Womens Business Development Center Inc ($843k), Salt Lake Chamber Womens Business Center ($844k) and South Dakota Association of Healthcare Organizations Healthcar ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $99k (12% of expenses). Other salaries and wages came to $79k. At year end it held assets of $456k against liabilities of $25k, net assets of $431k.