Technology Association of Grantmakers Inc

Analysis

Technology Association of Grantmakers Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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 December 2023, Technology Association of Grantmakers Inc reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $823k to $1.8m (+122%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Technology Association of Grantmakers Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include National Association for Interpretation ($1.8m), Swiminc Inc ($1.8m) and Crossroads Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $309k (17% of expenses). Other salaries and wages came to $316k. At year end it held assets of $1.4m against liabilities of $221k, net assets of $1.2m. It reported 5 employees.